What is ‘recession”? How many times did Turkish economy enter recession in its history? Discuss the reasons of each recession occurred in Turkish economy.

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter19: The Macroeconomic Perspective
Section: Chapter Questions
Problem 6SCQ: According to Table 19.7, how long has the average recession lasted since the end of World War II?
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What is ‘recession”? How many times did Turkish economy enter recession in its history? Discuss the reasons of each recession occurred in Turkish economy.

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