Suppose the country of Dingo experienced an economic trough in January 2004. We can conclude that

Question

Quizplus · Accepted Answer

An economic trough indicates a period of contraction or decline in the economy, which means that a recession may have occurred. If there was an economic trough in January 2004, it implies that the economy was on a decline at that point in time. However, the question does not provide any information about the economy before or after that point. Therefore, we cannot conclude that Dingo experienced a recession in 2003 or that potential GDP fell in 2004. The only logical conclusion we can make based on the given information is that some expansion occurred after January 2004.

Suppose the Country of Dingo Experienced an Economic Trough in January