An informal definition of a recession is at least ______ consecutive quarters of declining real GDP.
A) 2
B) 4
C) 6
D) 8
Correct Answer:
Verified
Q1: A boom is:
A)a period in which the
Q5: A period in which the economy is
Q10: In the United States since 1929 the
Q12: The following data give the dates
Q13: During recessions, the change in real GDP
Q14: The following data give the dates
Q16: In reference to short-term economic fluctuations, the
Q17: An expansion is:
A)a period in which the
Q19: The duration of a recession is from:
A)
Q20: The longest expansion of the United States
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