The Following Data Give the Dates of Successive Turning Points

question 133

Multiple Choice

The following data give the dates of successive turning points in U.S. economic activity and the corresponding levels of real GDP at the time. Which of the turning points are troughs?

• A) (A), (B), and (C)
• B) (C), (D), and (E)
• C) (A), (
• C), and (
• D) (
• B) and (

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