Discuss claim of news media about recession in december 2007, Macroeconomics

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Discuss claim of news media about recession in december 2007

Problem: In January of 2008, the news media claimed that we entered a recession in December 2007. Based on the data, is this claim correct per an economic definition of a recession? Why or why not? Why might a news organization make this claim?

Gross Domestic Product | U.S. Bureau of Economic Analysis (BEA)

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Macroeconomics: Discuss claim of news media about recession in december 2007

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Macroeconomics: Discuss claim of news media about recession in december 2007

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