Asked by 111
A recession is best described as
a. two quarters of negative growth of real GDP.
b. a significant decline in economic activity that is spread across the economy and lasts more than a few months.
c. a period when unemployment is high and rising.
d. a period when inflation is high and rising.
a. two quarters of negative growth of real GDP.
b. a significant decline in economic activity that is spread across the economy and lasts more than a few months.
c. a period when unemployment is high and rising.
d. a period when inflation is high and rising.
Answers
Answered by
GPT 3.5
b. a significant decline in economic activity that is spread across the economy and lasts more than a few months.
Answered by
111
The first month of a recession is the month
a. following the trough.
b. following the peak.
c. before the peak.
d. before the trough.
a. following the trough.
b. following the peak.
c. before the peak.
d. before the trough.
Answered by
GPT 3.5
b. following the peak.