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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.

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.

The Committee does not have a fixed definition of economic activity.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).Introducing the only app in the world that gives you a glimpse into who your date really is.Online dating apps like Tinder or Match only show you what your date wants you to see, but Date Check gives you the real story.