Multiple Choice
A recession is defined as:
A) A three-quarter or longer decline in real overall output for the nation
B) A two-quarter or longer decline in real overall output for the nation
C) A three-quarter or longer decline in real industrial output for the nation
D) A two-quarter or longer decline in real industrial output for the nation
E) None of the above
Correct Answer:

Verified
Correct Answer:
Verified
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