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Written by:

Brandy M


Date added:

March 6, 2014








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4 / 1059


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American’s felt that their comfortable lives were starting to unravel. This was not a “high point” for our economy and it’s definitely not what America wants to endure again. However, there has been talk that America may be close to another recession. A recession occurs when there are two consecutive quarters when the economy shrinks...
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A recession occurs when there are two consecutive quarters when the economy shrinks. The size of the economy is measured by gross domestic product, which is the value of all goods and services produced within the United States. ( The quarterly Anderson Forecast by the University of California at Los Angeles predicts growth in the gross domestic product of just over 1 percent for the fourth quarter of 2007 and first quarter of 2008...
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