Recession

A recession is usually defined in macroeconomics as a fall of a country's real Gross Domestic Product in two or more successive quarters of a year. A recession may also involve falling prices, which can lead to a depression; alternatively it may involve sharply rising prices (inflation), in which case this process is known as stagflation. Most recessions lead to falling inflation rates or what is called disinflation.

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In a developed capitalist / free market economy, recessions come and go at fairly regular intervals - often 5-10 years - in what is known as the business cycle. Government intervention can smooth the cycle (see also Keynesianism), and especially cushion its effects on its citizens (see welfare state), but so far has proven unable to eliminate the cycle completely.

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Macroeconomics: Macroeconomics is the economics sub-field of study that considers aggregate behavior, i.e. the study of the sum of individual economic decisions. This is in contrast to microeconomics which is the study of the economic behaviour of individual consumers, firms, and industries....

Real: The word "real" has many different meanings:...

Gross Domestic Product: In economics, gross domestic product (GDP) is a measure of the value of economic production of a particular territory in financial capital terms during a specified period. It is one of the measures of national income and output. It is often seen as an indicator of the standard of living in a country...

Recession related Images and Photos (experimental)

Young Jeezy: The Recession

Young Jeezy: The Recession