A common definition of a recession is a time with

Question

Quizplus · Accepted Answer

A recession is commonly defined as a period of significant decline in economic activity that lasts for more than a few months. The most widely used definition of a recession is a decrease in real GDP (gross domestic product) for two or more successive quarters, although other factors such as rising unemployment and decreasing consumer spending may also be considered. Therefore, choice A is the best choice as it meets the commonly accepted definition of a recession.

A Common Definition of a Recession Is a Time with