Multiple Choice
A traditional definition of recession is
A) any GDP gap which persists for 9 months or more
B) deflation or a slowing of the inflation rate for one year or more
C) a temporary shock to the economy resulting in the need for fiscal or monetary stimulus
D) at least two successive quarters of positive unemployment
E) negative GDP growth for half a year or more
Correct Answer:
Verified
Correct Answer:
Verified
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