In the United States, recessions are informally defined as ________ in real GDP
A) two consecutive quarters of positive growth B) two consecutive quarters of negative growth
C) three consecutive quarters of negative growth D) three consecutive quarters of positive growth
B
You might also like to view...
If workers in Mexico produce fewer goods and services per hour than workers in the United States in all areas of production, then
A) Mexico will benefit from trade with the United States, but the United States will not. B) the United States will benefit from trade with Mexico, but Mexico will not. C) neither Mexico nor the United States will benefit from trade with the other. D) both the United States and Mexico will benefit from trade with the other. E) it is unknown whether either country can benefit from trade with the other.
President Nixon "closed the gold window"
a. as a political expediency b. to force the allies to devalue their currencies c. to try to save the Bretton Woods exchange rate system d. to halt dramatic inflows of gold into the United States e. to cure the U.S. domestic deflationary spiral