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An expansion tank or expansion vessel is a small tank used to protect closed water heating systems and domestic hot water systems from excessive pressure. The tank is partially filled with air, whose compressibility cushions shock caused by water hammer [ citation needed ] and absorbs excess water pressure caused by thermal expansion .
The recession of 2020, was the shortest and steepest in U.S. history and marked the end of 128 months of expansion. Key Predictors, Indicators and Warning Signs of a Recession
Since World War II, the United States economy has performed significantly better on average under the administration of Democratic presidents than Republican presidents. The reasons for this are debated, and the observation applies to economic variables including job creation, GDP growth, stock market returns, personal income growth, and corporate profits.
Economic contraction and expansion relate to the overall output of all goods and services, while the terms "inflation" and "deflation" refer to increasing and decreasing prices of commodities, goods and services in relation to the value of money. [citation needed] On the microeconomic level, expansion may involve enlarging the scale of a ...
An expansion is the period from a trough to a peak and a recession as the period from a peak to a trough. The NBER identifies a recession as "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production". [26]
The recession of 2020, was the shortest and steepest in U.S. history and marked the end of 128 months of expansion. Key Predictors, Indicators and Warning Signs
The U.S. had a nasty recession in the early 1990s, and a far nastier one started in December 2007. Both downturns threw people out of work and cut the market values of their houses and stocks.
Official economic data shows that a substantial number of nations were in recession as of early 2009. The US entered a recession at the end of 2007, [185] and 2008 saw many other nations follow suit. The US recession of 2007 ended in June 2009 [186] as the nation entered the current economic recovery.
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