By common definition, a recession occurs when
A) the international deficit worsens for at least two successive quarters.
B) the government budget deficit exceeds the national debt.
C) the inflation rate exceeds 3.5 percent.
D) real GDP decreases for at least two successive quarters.
Correct Answer:
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Q217: A recession is commonly defined as a
Q218: The series of ups and downs the
Q219: Business cycles
A) are more volatile during a
Q220: Which of the following is not a
Q221: Suppose the country of Dingo experienced an
Q223: Recessions are commonly defined to occur
A) whenever
Q224: An expansion
A) follows a peak.
B) is defined
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