What is necessary for an economic downturn to be classified as a recession?
A) The unemployment rate reaches 10 percent
B) Negative inflation for one year
C) Negative economic growth for one year
D) Aggregate economic output falls for two consecutive quarters
Correct Answer:
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Q15: Macroeconomics is the study of _.
A) the
Q16: How is income per capita calculated?
A) Dividing
Q17: What framework is used to measure the
Q18: National income accounts measure the _.
A) level
Q19: The following table contains statistics for the
Q21: How does the income approach to measuring
Q22: Which of the following holds true in
Q23: Which of the following is likely to
Q24: The following table contains statistics for the
Q25: _ is the market value of the
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