An economy has fallen into a recession when
A)the unemployment rate declines for two or more consecutive quarters.
B)inflation and unemployment both rise consecutively.
C)overall GDP declines for two or more consecutive quarters.
D)the consumer price index falls below the average yearly standard.
E)inflation rises for two or more consecutive quarters.

Question

Quizplus · Accepted Answer

The Answer of An economy has fallen into a recession when
A)the unemployment rate declines for two or more consecutive quarters.
B)inflation and unemployment both rise consecutively.
C)overall GDP declines for two or more consecutive quarters.
D)the consumer price index falls below the average yearly standard.
E)inflation rises for two or more consecutive quarters.

An Economy Has Fallen into a Recession When