Multiple Choice
When macroeconomists use the term "recession" they usually define it as a fall in real GDP that lasts for at least
A) one quarter.
B) two quarters.
C) three quarters.
D) one year.
E) two years.
Correct Answer:

Verified
Correct Answer:
Verified
Q102: Consider short-run fluctuations in real GDP around
Q103: Which of the following statements is correct?
Q104: In macroeconomics,the "output gap" is the difference
Q105: If the Consumer Price Index changes from
Q106: Suppose the Bank of Montreal wants a
Q108: How is Canada's unemployment rate determined?<br>A)The rate
Q109: A worker currently earning $3000 per month
Q110: Consider a small economy with 3 individuals
Q111: If constant-dollar national income decreased by $6
Q112: If the Canadian dollar exchange rate increases,the<br>A)internal