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From the Reference Desk

Economic Information: How Recessions Work

From How Stuff Works - http://money.howstuffworks.com/recession.htm

"Both the 2008 market drop and the 2001 news blitz raised a lot of questions. Who decides when the economy is in recession, and on what grounds? What actually constitutes a recession, anyway? When a nation's economy enters a recession, is life guaranteed to get harder for most of its citizens? And how often does a recession lead to a depression?" - howstuffworks.com


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