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Question
Which of the following is not correct with regard to the definition of a recession as used by the NBER?A. A recession occurs whenever there is a dip in the growth rate.
B. The exact length of time needed for a downturn to be declared a recession is not specified.
C. Many key economic indicators are used, some of which may move in opposite directions.
D. A recession is characterized by lower levels of economic activity.
Answer
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Related questions
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