Summary List Placement

Though rarely pleasant, recessions are a normal part of the business cycle, the regular course of rise and fall that all free-market economies run. All recessions begin the same way, with a significant period of economic decline. But how they end can happen in a whole host of different ways.

Economists dub the aftermath of a recession “the recovery period.” They describe recoveries in graphic terms — literally: How the movement of the economy would look if plotted on a graph or chart.

Because the moves tend to look like letters of the alphabet, details ⇒

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