When macroeconomists use the term "recession" they usually define it as a fall in real GDP that lasts for at least
A)one quarter.
B)two quarters.
C)three quarters.
D)one year.
E)two years.

Question

Quizplus · Accepted Answer

Macroeconomists usually define a recession as a fall in real GDP that lasts for at least two quarters. This means that the economy has experienced negative economic growth for a period of six months or more.

When Macroeconomists Use the Term "Recession" They Usually Define It