The official Statistics Canada definition of a recession is... a) none of the above b) two consecutive quarters of falling real GDP c) a 5% drop in economic activity O d) two consecutive quarters of falling nominal GDP Question 12 (1 point) "Consumers who had postponed purchases but are now buying due to interest rates, even while salaries are falling" describes which part of th business cycle? a) expansion b) peak A change in the "Money Supply" is considered what type of economic indicator? O a) Leading. b) Contrarian. c) Lagging, d) Coincident