Multiple Choice
Which technically correctly describes a recession?
A) a period of declining real incomes and rising unemployment.
B) Occurring after six successive months of negative economic growth.
C) Occurring after two successive quarters of negative economic growth.
D) Any time when the rate of economic growth falls
Correct Answer:

Verified
Correct Answer:
Verified
Q21: Figure 1. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7553/.jpg" alt="Figure 1.
Q22: A cyclical peak or trough occurs when
Q23: What are the main causes of changes
Q24: According to the new classical model, what
Q25: Business cycles have fairly regular time gaps
Q27: A technical definition gives a recession occurring
Q28: An aggregate supply shocks can be either
Q29: If GDP was above trend for an
Q30: Figure 1. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7553/.jpg" alt="Figure 1.
Q31: Figure 1. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7553/.jpg" alt="Figure 1.