An expansion ends when the economy
A) hits a trough and then enters a recession.
B) hits a peak and then enters a recession.
C) begins to grow following a peak.
D) has grown for two quarters in a row.
Correct Answer:
Verified
Q221: Suppose the country of Dingo experienced an
Q222: By common definition, a recession occurs when
A)
Q223: Recessions are commonly defined to occur
A) whenever
Q224: An expansion
A) follows a peak.
B) is defined
Q225: Q227: When a recession ends, the turning point Q228: The times during which real GDP increases Q229: An economic expansion rather than a recession Q230: A recession is commonly defined as occurring Q231: 
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