News tagged with recession

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US abortions see biggest drop in a decade

U.S. abortions fell 5 percent during the Great Recession in the biggest one-year decrease in at least a decade, according to government figures released Wednesday.

Nov 21, 2012
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Recession

In economics, a recession is a general slowdown in economic activity over a sustained period of time, or a business cycle contraction. During recessions, many macroeconomic indicators vary in a similar way. Production as measured by Gross Domestic Product (GDP), employment, investment spending, capacity utilization, household incomes and business profits all fall during recessions.

Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply, increasing government spending and decreasing taxation.

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