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A Recession Is Defined by ____ of Falling Real GDP

Question 12

Multiple Choice
A recession is defined by ____ of falling real GDP.

A recession is defined by ____ of falling real GDP.


A) 3 months
B) two consecutive quarters
C) three consecutive quarters
D) twelve months
E) no specific time period - the NBER business cycle dating committee determines the period of recession

Correct Answer:

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