37. During recessions the change in real GDP is:?

Question

37. During recessions the change in real GDP is:

A. always positive.

B. always negative.

C. usually positive, but can be negative.

D. usually negative, but can be positive.

E. zero.

38. In reference to short-term economic fluctuations, the "peak" refers to:

A. a period in which the economy is growing at a rate significantly above normal.

B. the high point of economic activity prior to a downturn.

C. the low point of economic activity prior to a recovery.

D. a particularly strong and protracted expansion.

E. a particularly severe and protracted recession.

Answer 1

B

B

Answer 2

37. D

38. C

Answer 3

B. always negative.

B. the high point of economic activity prior to a downturn.