What is meant by the term "recession"? How fast did Real GDP grow in the 4^th Quarter of 2022 and 2^nd Quarter of 2023? Will the FED's monetary policy result in a recession in the U.S. economy in 2023? What is the current unemployment rate? Do you expect the unemployment rate to increase or decrease in 2023? Explain why diesel fuel prices are so weak in U.S.? Does this m

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Recession refers to a period of economic decline typically defined as a decline in gross domestic product GDP for two or more consecutive quarters Thi... View the full answer