Solved

How Is Recession Defined by the National Bureau of Economic

Question 1

Multiple Choice

How is recession defined by the National Bureau of Economic Research [NBER]?


A) Two consecutive quarters of declining GDP
B) A significant decline in total output, income, employment, and trade for six months to one year
C) A dramatic decline in unemployment for less than six months
D) A sharp increase in money supply and the market rate of interest
E) A significant decline in stock prices over three consecutive quarters of a business year

Correct Answer:

verifed

Verified

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents