Which of the following statements is true?
A) The price shock theory of the business cycle is endogenous.
B) Across the board over investment,particularly in the telecommunications industry,prior to 2001 caused a recession in that year.
C) When the Index of Leading Indicators turns downward,a recession almost always follows.
D) The terrorist attacks on 9/11 caused the recession of 2001.
E) The inventory cycle theory of the business cycle is exogenous.
Correct Answer:
Verified
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