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It examines and compares the behavior of various measures of broad activity: real GDP measured on the product and income sides, economy-wide employment, and real income.
The Committee also may consider indicators that do not cover the entire economy, such as real sales and the Federal Reserve's index of industrial production (IP).
During a recession, a significant decline in economic activity spreads across the economy and can last from a few months to more than a year.
Similarly, during an expansion, economic activity rises substantially, spreads across the economy, and usually lasts for several years.
The NBER's Business Cycle Dating Committee maintains a chronology of the U. A recession is a period between a peak and a trough, and an expansion is a period between a trough and a peak.
The chronology comprises alternating dates of peaks and troughs in economic activity.
Classified information is not to be entered into these applications.In both recessions and expansions, brief reversals in economic activity may occur-a recession may include a short period of expansion followed by further decline; an expansion may include a short period of contraction followed by further growth.The Committee applies its judgment based on the above definitions of recessions and expansions and has no fixed rule to determine whether a contraction is only a short interruption of an expansion, or an expansion is only a short interruption of a contraction.Unlike most of those mainstream dating sites or some general biker dating site or motorcycle match marking service, the "Harley Dating Site" offers many solitary dating features for bikers only.For example, users can become "Certified Harley biker" by sending their bike driving license.