When an Economist Indicates That the Economy Is No Longer

When an economist indicates that the economy is no longer in a slump, he or she means to say that

A) nominal GDP is now above its trend path
B) the economy is currently growing at a rate above three percent
C) the economy has passed the worst of a recession and is now in the recovery phase
D) the economic cycle has reached its peak
E) none of the above

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