As a general rule, a recession is a decline in real GDP lasting at least :
A) one year.
B) six months.
C) three months.
D) one month.
Correct Answer:
Verified
Q2: Economists use the phrase "business cycle" when
Q5: Which of the following will most likely
Q9: Which of the following will most likely
Q11: The period of growth in real GDP
Q15: A phase in the business cycle in
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Q22: The business cycle consists of four phases.
Q23: Which of the following is not a
Q24: Suppose the index of leading economic indicators
Q25: Exhibit 12-1 Business cycle 
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