By common definition, a recession occurs when
A) the international deficit worsens for at least two successive quarters.
B) the inflation rate exceeds 3.5 percent.
C) the government budget deficit exceeds the national debt.
D) real GDP decreases for at least two successive quarters.
Correct Answer:
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Q230: A recession is commonly defined as occurring
Q231: An expansion ends when the economy
A) hits
Q232: An economic expansion rather than a recession
Q233: What term is used to describe the
Q234: An economy recovering from a recession
A) moves
Q236: GDP decreases during
A) the movement from peak
Q237: An expansion
A) is defined as a period
Q238: The low point of economic activity during
Q239: GDP declines during
A) the movement from trough
Q240: An expansion occurs when the level of
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