Which of the following is not correct with regard to the definition of a recession as used by the NBER?
A) A recession occurs when there is a dip in the growth rate
B) The exact length of time needed for a downturn to be declared a recession is not specified
C) Many key economic indicators are used, some of which may move in opposite directions
D) A recession is characterized by lower levels of economic activity
Correct Answer:
Verified
Q17: Which of the following statements is incorrect?
A)A
Q18: A reduction in the central bank's inflation
Q19: Which of the following would be classified
Q20: An increase in aggregate demand will have
Q23: "Official" recessions in the United States are
Q24: If consumer and business sentiment were to
Q26: Stagflation occurs when:
A)The inflation rate decreases and
Q27: Policymakers can stabilize the economy by shifting:
A)The
Q31: Which of the following statements is most
Q39: The longest recession since the 1940's began
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