A 'technical recession' is defined as:
A)one year of negative economic growth.
B)six months of negative economic growth.
C)a contraction in the economic growth rate from 5% to 3%.
D)a period of rising prices.

Question

Quizplus · Accepted Answer

A technical recession is defined as two consecutive quarters (or six months) of negative economic growth, as measured by a country's gross domestic product (GDP). Therefore, option B is the correct choice. The other options do not accurately reflect the definition of a technical recession.

A 'Technical Recession' Is Defined As