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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 22
Circle the letter that corresponds to the best answer. Which of the following best describes a recession?
A) a slowing of real GDP growth
B) a rise in unemployment accompanied by a decline in total employment
C) a decline in real GDP for two consecutive quarters
D) a decline in GDP for two consecutive quarters
A) a slowing of real GDP growth
B) a rise in unemployment accompanied by a decline in total employment
C) a decline in real GDP for two consecutive quarters
D) a decline in GDP for two consecutive quarters
Explanation
Verified
Verified
Recession is defined as the contraction ...
Macroeconomics 11th Edition by Stephen Slavin
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