When the United States experiences a slowdown in economic activity and GDP goes down for two consecutive quarters, it is called a(n) _______.
A)economic indicator
B)deflation
C)inflation
D)recession

Question

Quizplus · Accepted Answer

A recession is defined as a period of decline in economic activity, typically characterized by a contraction in GDP that lasts for at least two consecutive quarters (six months). Economic indicators are measures used to assess economic performance, while deflation and inflation refer to changes in the general price level of goods and services in an economy.

When the United States Experiences a Slowdown in Economic Activity