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

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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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Macroeconomics

ISBN: 9781337617390

13th Edition

Authors: Roger A. Arnold

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Question Posted: Nov 02, 2024 04:00 AM

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

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Macroeconomics

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