Using the real GDP measure, Australia did not have a recession. However other measures state otherwise. Identify and explain why these may be used valid evidence of a downturn, even though they are NOT used to measure the business cycle.

Question

Quizplus · Accepted Answer

The Answer of Using the real GDP measure, Australia did not have a recession. However other measures state otherwise. Identify and explain why these may be used valid evidence of a downturn, even though they are NOT used to measure the business cycle.

Using the Real GDP Measure, Australia Did Not Have a Recession