In order to be classified as a recession,a contraction of general economic activity must last at least
A) one year.
B) six months.
C) one period.
D) one quarter.
E) None of the above because recessions do not have a minimum length.
Correct Answer:
Verified
Q170: Excluding household and underground production leads to
A)underestimation
Q171: The Great Moderation describes the period
A)of relatively
Q172: Q173: Q174: U.S.real GDP Q176: The NBER describes a recession as Q177: Household production,such as baking bread at home,is Q178: A standard definition of recession is Q179: The business cycle has two phases, Q180: The U.S.economy is experiencing rising output,rising employment,rising
A)precisely measures the improving standard of
A)"a period
A)a period
A)expansion and
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