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A Recession Is Defined As

Question 28

Multiple Choice

A recession is defined as:


A) A three-quarter or longer decline in real overall output for the nation
B) A two-quarter or longer decline in real overall output for the nation
C) A three-quarter or longer decline in real industrial output for the nation
D) A two-quarter or longer decline in real industrial output for the nation
E) None of the above

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