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In Economics, a Recession Is Defined as Which of the Following

Question 6

Multiple Choice

In economics, a recession is defined as which of the following?


A) A decline in output of less than 5 percent
B) A decline in output of less than 10 percent
C) A decline in output of less than 20 percent
D) A decline in output of less than 25 percent

Correct Answer:

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