The Following Data Give the Dates of Successive Turning Points

question 149

Multiple Choice

The following data give the dates of successive turning points in Canadian economic activity and the corresponding levels of real GDP at the time:
Which of the following periods is most likely to correspond to an expansion?

• A) July 1981 through October 1982.
• B) October 1982 through April 1990.
• C) June 1980 through October 1982.
• D) October 1982 through April 1992.
• E) April 1990 through April 1992.

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