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    Exam 5: Measuring a Nation's Production and Income
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    "Recession" Refers to a Period When Real GDP in the Economy
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"Recession" Refers to a Period When Real GDP in the Economy

Question 24

Question 24

Multiple Choice

"Recession" refers to a period when real GDP in the economy


A) declines for at least six months.
B) suffers due to political instability.
C) grows rapidly.
D) experiences a rise in living standards.

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