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How do economists judge when the economy is in a recession?

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3 votes

Answer:increased job loss and increased unemployment

Step-by-step explanation:

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User Shoma
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To the average person, a large rise in unemployment means a recession. By contrast, the economists' rule that a recession is defined by two consecutive quarters of falling GDP is silly. ... An alternative measure, gross domestic income (GDI), should, in theory, be identical to GDP.
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User Robert Broersma
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