What is a decline in real GDP for at least two consecutive quarters?
A) economic downsizing
B) recession
C) depression
D) resource divestment

Name: What is a decline in real GDP for at least two consecutive quarters? A) economic downsizing B) recession C) depression D) resource divestment
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Question

Quizplus · Accepted Answer

A decline in real GDP for two consecutive quarters is the definition of a recession. It is a period of economic decline where there is a significant drop in economic activity, employment, and income.

What Is a Decline in Real GDP for at Least