The traditional definition of a recession is a decline in real GDP lasting for
A) at least one month.
B) at least two consecutive quarters.
C) at least one year.
At least two consecutive quarters ( six months)
Economics
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The __________ is a regulator of financial markets?
A) U.S. Treasury B) SEC C) FDIC D) NCUA
Economics
Which of the following statements accurately describes the situation shown?
a. The short-run equilibrium differs from the long-run equilibrium at full employment.
b. The economy is in a recession.
c. The actual real GDP is the same as the potential real GDP at full employment.
d. The economy is experiencing stagflation.
Economics