A recession conventionally is defined as a decrease in
A)real GDP that lasts for at least three months.
B)real GDP that lasts for at least six months.
C)potential GDP that lasts for at least six months.
D)the growth rate of real GDP that lasts for at least six months.
E)the inflation rate that lasts for at least six months.

Question

Quizplus · Accepted Answer

A recession is conventionally defined as a decline in real GDP for two consecutive quarters, which is equivalent to at least six months.

A Recession Conventionally Is Defined as a Decrease in