Recession is () of negative GDP growth.
举一反三
- An economic crisis often signifies a shrinking or negative economic growth.
- American economists are surprised to see that ______ A: they have to revise the GDP forecasts so often B: their government is announcing the end of a recession C: US economy is showing some signs of an upturn D: GDP growth reflects stronger domestic demand
- Historical evidence indicates that scarcity of natural resources has ( ) A: caused slower world economic growth. B: nearly stopped economic growth in most countries throughout the world. C: not limited economic growth. D: limited economic growth, but only in high-growth countries.
- Growth is difficult to sustain, unless a firm has a clear, sustainable competitive advantage, market forces will eventually erode growth. （ ）
- In the business cycle, which could be described as a period of high growth with high borrowing? A: Recession B: Slump C: Recovery D: Boom