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.
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Climate records from a Japanese lake are set to improve the accuracy of the dating technique, which could help to shed light on archaeological mysteries such as why Neanderthals became extinct.
Carbon dating is used to work out the age of organic material — in effect, any living thing.
The most recent example of such a judgment that was less than obvious was in 1980-1982, when the Committee determined that the contraction that began in 1981 was not a continuation of the one that began in 1980, but rather a separate full recession.
The Committee does not have a fixed definition of economic activity.
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