Which of the Following Statements Is True

Multiple Choice

Which of the following statements is true?

A) A recession is defined as two or more successive quarters in which the economy shrinks instead of grows.
B) A recession is defined as two or more quarters in which unemployment rates are above 7%.
C) Inflation is defined as a sudden rise in prices for hot commodities such as gasoline and electronics.
D) Unemployment is defined as the total number of workers who are not in the workforce in any given quarter.
E) All of these are correct.