Suppose the country of Dingo experienced an economic trough in January 2011. We can conclude that

Question

Quizplus · Accepted Answer

An economic trough indicates a period of contraction or decline in the economy, meaning that real GDP was likely decreasing at that time. Therefore, an expansion would have occurred after January 2011. Option C cannot be determined from the given information, and there is no evidence to suggest that Dingo's potential GDP fell in 2011, so option D is also incorrect.

Suppose the Country of Dingo Experienced an Economic Trough in January