recession
Output, income, and employment often weaken. This topic is part of Economics within Government & Society. This page currently draws on 6 supporting questions, with answers and bonus facts available below.
recession trivia questions
A recession is a broad decline in what?
Answer: Economic activity
Bonus fact: Output, income, and employment often weaken.
Which institution officially dates U.S. business-cycle recessions?
Answer: National Bureau of Economic Research
Bonus fact: The NBER's Business Cycle Dating Committee identifies peaks and troughs.
Is 'two consecutive quarters of falling GDP' the official U.S. definition used by the NBER?
Answer: No
Bonus fact: The NBER considers a broader range of economic indicators.
Hubble's law relates galaxy recession speed to what?
Answer: Distance
Bonus fact: More distant galaxies generally recede faster.
What observation by Edwin Hubble supported an expanding universe?
Answer: Distant galaxies are generally redshifted
Bonus fact: Galaxy recession speed tends to increase with distance.
An economic depression is generally more severe and prolonged than what?
Answer: Recession
Bonus fact: There is no single universally accepted technical threshold.