Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
State and Local Governments: Knowledge of Past Recessions Can Inform Future Federal Fiscal Assistance

State and Local Governments: Knowledge of Past Recessions Can Inform Future Federal Fiscal Assistance

Government Accountability Office

Paperback

General Reference

ISBN10: 149218277X
ISBN13: 9781492182771
Publisher: Createspace
Published: Aug 28 2013
Pages: 72
Weight: 0.42
Height: 0.15 Width: 8.50 Depth: 11.02
Language: English
Recessions mark a distinct phase of the overall business cycle, beginning with a business cycle peak and ending with a business cycle trough. Between trough and peak the economy is in an expansion. The National Bureau of Economic Research (NBER) identifies dates for national recessions, which can vary in overall duration and magnitude.7 While NBER sets dates for the peaks and troughs of national recessions, no dates are set for turning points in state economies. State economic downturns vary in magnitude, duration, and timing, and do not necessarily coincide with dates identified for national recessions.

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