Fill in the blank: An economy is in a recession if ____________ falls over two quarters (six months). Select one: a. nominal GDP b. real GDP c. gross national happiness d. the unemployment rate
Fill in the blank: An economy is in a recession if ____________ falls over two quarters (six months). Select one: a. nominal GDP b. real GDP c. gross national happiness d. the unemployment rate
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter24: The Aggregate Demand/aggregate Supply Model
Section: Chapter Questions
Problem 26RQ: What is potential GDP?
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Question
H6.
Fill in the blank: An economy is in a recession if ____________ falls over two quarters (six months).
Select one:
a.
nominal GDP
b.
real GDP
c.
gross national happiness
d.
the unemployment rate
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