Multiple Choice
Which of the following is not correct with regard to the definition of a recession as used by the NBER?
A) A recession occurs whenever there is a dip in the growth rate.
B) The exact length of time needed for a downturn to be declared a recession is not specified.
C) Many key economic indicators are used, some of which may move in opposite directions.
D) A recession is characterized by lower levels of economic activity.
Correct Answer:
Verified
Correct Answer:
Verified
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