A recession conventionally is defined as a decrease in
A) real GDP that lasts for at least six months.
B) the growth rate of real GDP that lasts for at least six months.
C) potential GDP that lasts for at least six months.
D) real GDP that lasts for at least three months.
E) the inflation rate that lasts for at least six months.
Correct Answer:
Verified
Q164: A recession runs from the
A)peak of the
Q165: As measured,GDP omits which of the following?
I.Illegal
Q166: The U.S.economy is experiencing falling output,falling employment,falling
Q167: The calculation of GDP excludes the value
Q168: Goods and services such as environmental quality,leisure
Q170: Excluding household and underground production leads to
A)underestimation
Q171: The Great Moderation describes the period
A)of relatively
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