According to the traditional definitions,a recession is two or more quarters of

Question

Quizplus · Accepted Answer

A recession is commonly defined as a period of negative economic growth, typically measured by a decline in real Gross Domestic Product (GDP) for two or more consecutive quarters. Negative nominal GDP growth (A) can occur during periods of inflation, which may not necessarily indicate a recession. Inflation exceeding real GDP growth (C) can cause economic challenges, but it is not a definition of a recession. Declining growth in real past GDP (D) may be an indicator of an economic slowdown, but it is not a definitive definition of a recession.

According to the Traditional Definitions,a Recession Is Two or More