A Standard Definition of Recession Is

Multiple Choice

A standard definition of recession is

A) a period of time when the unemployment rate exceeds 6.5 per cent.
B) an increase in unemployment from one month to the next.
C) a period of expansion in many sectors of the economy.
D) an increase in GDP that lasts for at least 2 consecutive quarters.
E) a decrease in GDP that lasts for at least 2 consecutive quarters.