A common definition of a recession is a time with
A) a decline in interest rates.
B) a decrease in real GDP for two or more successive years.
C) a decrease in real GDP for two or more successive quarters.
D) a decline in the price level.
Correct Answer:
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Q98: Net investment equals
A)gross investment/depreciation.
B)capital stock minus depreciation.
C)the
Q99: Compared to the other sources of spending,
Q100: An indirect tax is exemplified by
A)a subsidy.
B)a
Q101: The income approach to measuring GDP
A)sums the
Q102: The circular flow shows that the household
Q104: Which of the following expressions equals GDP?
A)Compensation
Q105: The circular flow diagram shows that
A)the total
Q106: To measure GDP using the expenditure approach
Q107: If consumption expenditures are $500 million, net
Q108: A country that has a large real
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