An Economy That Experiences Two or More Consecutive Quarters of Increases

question 236

Multiple Choice

An economy that experiences two or more consecutive quarters of increases in real GDP is experiencing

• A) a positive output gap.
• B) a negative output gap.
• C) economic growth.
• D) a peak.
• E) an inflationary gap.

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Definitions:

EDI

Electronic Data Interchange, a system that allows the exchange of business documents and data across different companies electronically.

B2C

Business-to-Consumer, a commercial transaction model where businesses sell products or services directly to the end-users or consumers.

C2B

Consumer-to-Business, a business model where consumers create value or products that businesses purchase.

B2B

Business-to-Business, a model that involves transactions between two firms rather than between a firm and individual consumers.