When an economist indicates that the economy is no longer in a slump, he or she means to say that
A)nominal GDP is now above its trend path
B)the economy is currently growing at a rate above three percent
C)the economy has passed the worst of a recession and is now in the recovery phase
D)the economic cycle has reached its peak
E)none of the above

Question

Quizplus · Accepted Answer

The Answer of When an economist indicates that the economy is no longer in a slump, he or she means to say that
A)nominal GDP is now above its trend path
B)the economy is currently growing at a rate above three percent
C)the economy has passed the worst of a recession and is now in the recovery phase
D)the economic cycle has reached its peak
E)none of the above

When an Economist Indicates That the Economy Is No Longer