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Q. |
In which way recessions affect the real level ofGDP? |
A. | Recessions cause only temporary reduction in real level of GDP |
B. | Recessions cause large, permanent reductions in the real level of GDP |
C. | Recessions cause both temporary and permanent declines in real level of GDP |
D. | None of the above |
Answer» C. Recessions cause both temporary and permanent declines in real level of GDP |
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