Question

real gross domestic product (gdp) during a recession is ____ trend and is ____ trend during an economic expansion: o below; below. o below; above. o above; above. o above; below.

Explanation:

During a recession, economic activity contracts and real GDP is below its long - term trend. During an economic expansion, economic activity grows and real GDP is above its long - term trend.

Answer:

B. below; above.