Multiple Choice
Which of the following is a true statement?
A) All recessions are due to external shocks.
B) Ultimately, no recession has been due to an external shock.
C) There have been recessions that cannot be explained by external shocks.
D) All recessions and all expansions are due to external shocks.
Correct Answer:
Verified
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Q383: Q385: A decline in business activity is called Q389: The trough of a contraction is Q392: Changes in business activity are
A)
A) the
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