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At the Beginning of the Recession of 2008-2009, Real GDP

Question 11

Multiple Choice

At the beginning of the recession of 2008-2009, real GDP in Canada was ________ potential GDP, and in mid-2010, real GDP was ________ potential GDP.

A) below; above
B) below; below
C) above; below
D) above; above
E) equal to; below

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