No model yet produces the frequent small recessions, punctuated by rare depressions, seen in reality.
By cutting defense spending while taxes remained fairly high, and by keeping a tight rein on credit, Eisenhower was able to avoid serious deficits, abolish inflation, and, despite several small recessions, encourage steady economic growth that made Americans more prosperous than they had ever been before.
[ Wright 24] also described over-correction in small recessions, which resulted from central sag of hanging muscles.
When President Bush oversaw the end of a significantly smaller recession in 2003, he did so thanks in no small part to an assist in the form of increased public sector employment -- you know, government workers like teachers, firefighters, and police officers.
But even in smaller recessions, there is no clear evidence that public works — while they may be desirable in and of themselves — can get us to anything resembling full employment.
This program, responding to much smaller recessions, reached a peak of 725,000 jobs in 1978.
We know that the first businesses to go during the recession were small, niche, local or all of the above.
Small corner cut and recession are very effective to prevent aeroelastic instability for a square prism by increasing the aerodynamic damping, but large corner cut and recession promote the instability at low velocity to reduce the onset velocity of the instability when the damping is small enough.
At that office Christmas party of 1990, our biggest worry was the economic slowdown, which, we could sense even then, was nothing more than a small-dip recession.
