The Business Cycle Dating Committee defines a recession as
A) two consecutive quarters of declining real GDP.
B) two consecutive quarters of declining nominal GDP.
C) a significant decline in activity visible in industrial production,employment,real income,and wholesale/retail trade lasting more than a few months.
D) a significant decline in inflation and unemployment lasting more than a few months.
Correct Answer:
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Q214: A(n)_ comes to an end with a
Q215: As the economy nears the end of
Q216: The Business Cycle Dating Committee,a part of
Q217: A recession often begins with a(n)_ in
Q218: Since 1950,the average length of a recession
Q220: According to the National Bureau of Economic
Q221: Which of the following is not a
Q222: Inflation is measured
A)using the level of the
Q223: When a recession ends
A)interest rates decrease.
B)households decrease
Q224: Cutting costs at the beginning of a
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