Multiple Choice
When macroeconomists use the term "recession" they usually define it as a fall in real GDP that lasts for at least
A) three quarters.
B) two quarters.
C) two years.
D) one quarter.
E) one year.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: An upward trend in real national income
Q2: Cyclical unemployment is associated with<br>A)people quitting their
Q3: Economic booms can cause problems as well
Q4: In macroeconomics, if the value of the
Q5: people entering the labour force typically take
Q7: Consider the situations of a lender of
Q8: Probably the most commonly used measure of
Q9: On a graph showing real national income
Q10: Macroeconomics is mainly concerned with the study
Q11: Consider a small economy with 3 individuals