A recession is commonly defined as a period with
A) positive growth rate in real GDP that lasts at least two quarters.
B) negative growth rate in real GDP that lasts at least two quarters.
C) positive growth rate in real GDP that lasts at least one quarter.
D) negative growth rate in real GDP that lasts at least one quarter.
Correct Answer:
Verified
Q206: What term is used to describe the
Q207: Business cycles
A) are all identical in duration
Q208: Which of the following are parts of
Q209: A common definition of a recession is
Q210: Recessions are commonly defined to occur
A) when
Q212: Which of the following statements is true?
A)
Q213: The low point of economic activity during
Q214: Business cycles are
A) predictable, with a recession
Q215: Which of the following is not a
Q216: The four parts of the business cycle
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