It has become conventional classify a recession as a period where national output falls for _________ or more?

Related Mcqs:

In a macroeconomic model without foreign trade or a government aggregate demand is the sum of ?

A. personal saving and private investment B. personal saving and personal consumption C. personal consumption and private investment D. None of the above...

A linear consumption function with a positive slope less than one means that if income increases consumption will ?

A. fall B. not change C. fluctuate D. increase...

The percentage of the labor force that is unemployed is the ?

A. unemployment rate B. labor force rate C. employment rate D. unemployment population ratio...

If a result of households wish to save more there is a change in equilibrium income and no change in equilibrium saving this is an example of ?

A. market imperfection B. the law of diminishing returns C. the paradox of thrift D. market failure...

If the government increases spending and raises taxes by just enough to finance this increase it will ?

A. leave output unchanged B. increase output C. reduce output D. increase the MPC...