A common definition of a recession is a time with
A) a decline in the price level.
B) a decline in interest rates.
C) a decrease in real GDP for two or more successive quarters.
D) a decrease in real GDP for two or more successive years.
C
Economics
You might also like to view...
Which of the following is true if there is a surplus of loanable funds?
What will be an ideal response?
Economics
The new classical macroeconomists believe that people should form expectations by
A. assuming that the future will be like the present. B. overlooking information that allows them to make more accurate forecasts. C. actually seeking to forecast the future. D. assuming that the future will be like the past.
Economics