During the most recent three quarters, real GDP decreased from $200 to $180 to $170. Economists describe this as a(n)
A) concession.
B) expansion.
C) depression.
D) recession.
E) deflation.

Name: During the most recent three quarters, real GDP decreased from $200 to $180 to $170. Economists describe this as a(n) A) concession. B) expansion. C) depression. D) recession. E) deflation.
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Question

Quizplus · Accepted Answer

A decrease in real GDP over multiple quarters is referred to as a recession.

During the Most Recent Three Quarters, Real GDP Decreased from $200