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Which of the following statements is NOT correct? A. Default spread usually increases during recessions. B. An inverted yield curve usually means economic recession is

Which of the following statements is NOT correct?

	A.	Default spread usually increases during recessions.
	B.	An inverted yield curve usually means economic recession is looming.
	C.	Term spread is usually negative during recessions.
	D.	NBER defines a recession in terms of 2 consecutive quarters of decline in real GDP.

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