By common definition, a recession occurs when
A) the international deficit worsens for at least two successive quarters.
B) the government budget deficit exceeds the national debt.
C) the inflation rate exceeds 3.5 percent.
D) real GDP decreases for at least two successive quarters.
D
Economics
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What is most affected by the expected rate or pace of economic growth?
A) investment spending B) government purchases C) unemployment D) exports
Economics
If goods are completely unrelated, their cross price elasticity will
A) be greater than one. B) be less than one. C) be equal to zero. D) be negative.
Economics