Suppose the country of Dingo experienced an economic trough in January 2011. We can conclude that

Question

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If Dingo experienced an economic trough in January 2011, it means that the economy was in a recession at that time. However, if an expansion occurred after January 2011, it could mean that the recession was short-lived and the economy quickly recovered. Option A is not correct because a trough means that real GDP was at its lowest point, not increasing. Option B cannot be concluded as we do not know anything about Dingo's potential GDP. Option D is not a relevant option to consider when talking about a recession in January 2011.

Suppose the Country of Dingo Experienced an Economic Trough in January