The early phase of a business-cycle expansion that occurs shortly after a contraction has ended. During a recovery, the unemployment rate remains relatively high, but is beginning to fall, and real gross domestic product begins to increase, usually rapidly. However, because the contraction remains fresh in the minds of many, it may not be immediately clear that the trough of the contraction has actually ended.

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Today, you are likely to spend a great deal of time flipping through mail order catalogs trying to buy either a country wreathe or galvanized steel storage shelves. Be on the lookout for crowded shopping malls.
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This isn't me! What am I?

-- Josh Billings, humorist

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