A standard definition of recession is
A) a period of expansion in many sectors of the economy.
B) an increase in GDP that lasts for at least 6 months.
C) a decrease in GDP that lasts for at least 6 months.
D) an increase in unemployment from one month to the next.
E) a period of time when the unemployment rate exceeds 6.5 percent.
Correct Answer:
Verified
Q173: Q174: U.S.real GDP Q175: In order to be classified as a Q176: The NBER describes a recession as Q177: Household production,such as baking bread at home,is Q179: The business cycle has two phases, Q180: The U.S.economy is experiencing rising output,rising employment,rising Q181: An example of household production excluded from Q182: In the years after 1998,the most severe Q183: Which of the following goods and services
A)precisely measures the improving standard of
A)"a period
A)expansion and
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