A recession may be defined as
A) a period during which the rate of growth of business activity is consistently less than its long-term trend.
B) an increase in real economic output from one period to the next.
C) no change in real economic output over a period of time.
D) no change in the dollar (money) value of economic output over a period of time.
Correct Answer:
Verified
Q369: The business cycle phase that must come
Q370: The peak phase of the business cycle
Q371: A period of time in which the
Q372: The official dating of recessions is done
Q373: When economy-wide business fluctuations are negative, they
Q375: An extremely severe recession is known as
Q376: The long-run trend in business activity is
A)
Q377: A period of time in which the
Q378: An economy recovering from a recession moves
A)
Q379: Business fluctuations
A) influence unemployment but not inflation.
B)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents