Recessions are commonly defined to occur
A) whenever unemployment increases.
B) when growth in real GDP decreases for two consecutive quarters.
C) when growth in real GDP is negative for two consecutive quarters.
D) when the unemployment rate exceeds 6 percent.

Question

Quizplus · Accepted Answer

Recessions are typically defined as periods when there is a decline in real Gross Domestic Product (GDP) for two consecutive quarters, indicating a contraction in economic activity.

Recessions Are Commonly Defined to Occur