A recession does NOT imply:
A) a sustained economic contraction.
B) a sustained economic contraction
C) a short-run decrease in total output.
D) a short-run decrease in total output
E) a time of increasing unemployment.
F) a time of increasing unemployment
G) employment growt
H) employment growt.
Correct Answer:
Verified
Q133: Which statement is likely to be TRUE
Q134: A period of rising real GDP is
Q135: When the output gap is negative, the
Q136: A period of falling real GDP is
Q137: If the economy is in a recession,
Q139: When an economy is between the peak
Q140: One normally expects that unemployment decreases while
Q141: The _ of a business cycle marks
Q142: Following a _, real GDP _.
A)trough; increases
B)trough;
Q143: The business cycle is:
A)the typical "life course"
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