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Questions and Answers
What is a recession technically defined as?
What is a recession technically defined as?
- A decline in wholesale-retail sales
- A decline in real income
- 2 quarters of negative GDP growth (correct)
- A decline in industrial production
How is a recession defined in the United States?
How is a recession defined in the United States?
- A decline in real income
- A decline in wholesale-retail sales
- A significant decline in economic activity spread across the market (correct)
- A decline in industrial production
What is typically used to measure business cycles?
What is typically used to measure business cycles?
- Consumer Price Index
- Real Gross Domestic Production (correct)
- Stock Market Index
- Unemployment Rate
What varies over time in individual episodes of expansion/recession?
What varies over time in individual episodes of expansion/recession?
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How are business cycle fluctuations usually characterized?
How are business cycle fluctuations usually characterized?
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What is a recession technically defined as?
What is a recession technically defined as?
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What is typically used to measure business cycles?
What is typically used to measure business cycles?
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How are business cycle fluctuations usually characterized?
How are business cycle fluctuations usually characterized?
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What varies over time in individual episodes of expansion/recession?
What varies over time in individual episodes of expansion/recession?
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What are the implications of business cycle fluctuations?
What are the implications of business cycle fluctuations?
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