A recession is a decline in the inflation rate that lasts six months or longer the unemployment rate that lasts six months or longer real GDP that lasts six months or longer potential GDP that lasts six months or longer
A recession is a decline in the inflation rate that lasts six months or longer the unemployment rate that lasts six months or longer real GDP that lasts six months or longer potential GDP that lasts six months or longer
Chapter11: Gross Domestic Product
Section: Chapter Questions
Problem 16SQ
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Question
- A recession is a decline in
the inflation rate that lasts six months or longer
the
real
potential GDP that lasts six months or longer
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