A decline in real GDP that lasts for at least a year is known as a recession.
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Q36: Exhibit 17-2 Q37: The recession phase Q38: When real GDP per capita is increasing, Q39: The Great Recession officially ended in Q40: The economic downturn of 2008-2009 is commonly Q42: The most recent recession officially started in Q43: Economists generally agree on the cause of Q44: The term depression best describes Q45: When examining a graph that plots real Q46: How long did the recent economic expansion
A)is no longer a phase
A)December 2017.
B)April
A)all of the
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