A technical definition gives a recession occurring after six successive months of negative economic growth.
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Q5: Over the last 50 years, UK real
Q6: Figure 1. Q7: Which of the following statements about economic Q8: A cyclical peak or trough occurs when Q9: If you and your friends are still Q11: In the New Classical model, when output Q12: The amplitude measures the difference between start Q13: An aggregate supply shocks can be either Q14: Business cycles have fairly regular time gaps Q15: Which technically correctly describes a recession?
A) a
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