On Average,in the Recessions Since 1950,it Has Taken ________ for Real

question 58

Multiple Choice

On average,in the recessions since 1950,it has taken ________ for real GDP to return to its cyclical peak.

• A)about 6 months
• B)about 1 year
• C)about 18 months
• D)almost 2.5 years

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Definitions:

Subsidiary Companies

Companies that are controlled by another company, known as the parent company, through ownership of more than half their voting stock or through other means.

Right of Return

A policy that allows customers to return purchased goods within a specified period if they are not satisfied.

Sales Price

The amount for which a commodity is sold to a customer, excluding tax, shipping, and handling.

Cash Planning

The process of forecasting, managing, and monitoring a company's cash inflows and outflows to ensure it has sufficient liquidity to meet its obligations.