According to the textbook definition, a recession occurs if ___ GDP decreases for ____ Question 35 options: A) real; two consecutive quarters B) nominal; two consecutive quarters C) real; one quarter D) nominal; one quarter

According to the textbook definition, a recession occurs if _ GDP decreases for __ Question 35 options: A) real; two consecutive quarters B) nominal; two consecutive quarters C) real; one quarter D) nominal; one quarter

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter12: Business Cycles And Unemployment

Section: Chapter Questions

Problem 5SQ

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Question

According to the textbook definition, a recession occurs if ___ GDP decreases for ____

Question 35 options:

A)	real; two consecutive quarters

B)	nominal; two consecutive quarters

C)	real; one quarter

D)	nominal; one quarter

Definition Video Definition Overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period. Video

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If nominal GDP decreases for consecutive 2 quarters,then recession occurs.

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