Multiple Choice
A recession conventionally is defined as a decrease in
A) real GDP that lasts for at least three months.
B) real GDP that lasts for at least six months.
C) potential GDP that lasts for at least six months.
D) the growth rate of real GDP that lasts for at least six months.
E) the inflation rate that lasts for at least six months.
Correct Answer:
Verified
Correct Answer:
Verified
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