A recession is always associated with
a. the end of a war.
b. slowly growing real GDP.
c. rising inflation.
d. declining real GDP.
d
Economics
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Which statement about income inequality is true?
a. Income inequality is the disparity between those with higher and lower incomes. b. Income inequality and poverty are synonymous terms. c. Income inequality applies to the condition of people who cannot afford necessities. d. Income inequality refers to the percentage of the population living below the poverty line.
Economics
We call a firm a natural monopolist when its LRAC curve ________ when the LRAC intersects the market demand curve.
A. is horizontal B. becomes negative C. is still declining D. is rising
Economics