Multiple Choice
Which of the following statements is most correct?
A) A recession is officially defined as two consecutive quarters where the real growth rate is negative.
B) A recession officially begins when unemployment exceeds 5.0 percent.
C) There is no hard and fast definition of a recession.
D) The official date of a recession is determined by the Federal Reserve Board, but usually with at least a three-month delay.
Correct Answer:
Verified
Correct Answer:
Verified
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