Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter23: Aggregate Demand And Aggregate Supply
Section23.1: Three Key Facts About Economic Fluctuations
Problem 1QQ
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![Recessions are periods of declining economic activity.
а. Т
b. F](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3a0b775c-f6c5-4c32-8b05-cd68229f1ef3%2F08861c4a-1f90-4e06-bb26-83a739f0b3e1%2F58nekl_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Recessions are periods of declining economic activity.
а. Т
b. F
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