In many countries, economists adopt the rule that a recession is a period of at least _____ during which aggregate output falls.
A) one quarter
B) two consecutive quarters
C) three consecutive quarters
D) a full year

Question

Quizplus · Accepted Answer

The most common definition of a recession is a period of at least two consecutive quarters (or six months) during which aggregate output falls.

In Many Countries, Economists Adopt the Rule That a Recession