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    Essential Foundations of Economics Study Set 1
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    Exam 14: Gdp: a Measure of Total Production and Income
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    In Order to Be Classified as a Recession,a Contraction of General
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In Order to Be Classified as a Recession,a Contraction of General

Question 126

Question 126

Multiple Choice

In order to be classified as a recession,a contraction of general economic activity must last at least


A) one year.
B) six months.
C) one period.
D) one quarter.
E) None of the above because recessions do not have a minimum length.

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