A recession is a decline in
A. the inflation rate that lasts six months or longer.
B. real GDP that lasts six months or longer.
C. the unemployment rate that lasts six months or longer.
D. potential GDP that lasts six months or longer.
Answer: B
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For the period 1915 to 2005, educational improvements in the U.S. labor force contributed what percentage of real per-capita GDP growth?
A) 0.01 B) 15 C) 317 D) 34
If the monopoly's demand curve intersects the AVC curve at minimum AVC, the firm will shut down
Indicate whether the statement is true or false
Increases in the overall price level:
A. reduce people's real wealth. B. mean that a given number of dollars can buy as much in terms of real goods and services as before. C. tends to cause people to increase their consumption. D. result in an increase people's dollar-denominated wealth.
In negotiating NAFTA, what two side agreements were reached?
What will be an ideal response?