Which of the following is the technical definition of a recession? A. a fall in GDP for four consecutive quarters B. a rise in unemployment for two consecutive quarters C. a fall in GDP for two consecutive quarters D. a rise in unemployment for four consecutive quarters
Which of the following is the technical definition of a recession? A. a fall in GDP for four consecutive quarters B. a rise in unemployment for two consecutive quarters C. a fall in GDP for two consecutive quarters D. a rise in unemployment for four consecutive quarters
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter24: The Aggregate Demand/aggregate Supply Model
Section: Chapter Questions
Problem 13SCQ: Suppose the Federal Reserve begins to Increase the supply of money at an Increasing rate. What...
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22. Which of the following is the technical definition of a recession?
A. a fall in GDP for four consecutive quarters
B. a rise in unemployment for two consecutive quarters
C. a fall in GDP for two consecutive quarters
D. a rise in unemployment for four consecutive quarters
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