1.12 In the first quarter of the year, Real GDP was $400 billion; in the second quarter,...

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1.12 In the first quarter of the year, Real GDP was $400 billion;

in the second quarter, it was $398 billion; in the third quarter, it was $399 billion; and in the fourth quarter, it was $395 billion. Has there been a recession?

Explain your answer.

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Economics

ISBN: 978-0324538014

8th Edition

Authors: Roger A Arnold

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Question Posted: Nov 04, 2024 02:00 AM

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1.12 In the first quarter of the year, Real GDP was $400 billion; in the second quarter,...

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Economics

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