The traditional definition of a recession is a decline in real GDP lasting for

A) at least one month. 

B) at least two consecutive quarters.

 C) at least one year.


At least two consecutive quarters ( six months)

Economics

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Adriana wants to try working as an independent contractor this summer. She has a 50 percent chance that she will make $9,000 and 50 percent chance that she will make nothing. Her utility of wealth curve is shown in the figure above

What's Adriana's cost of risk? A) $2,500 B) $2,000 C) zero D) $40

Economics

________ is creating a marketable capital market instrument by bundling a portfolio of mortgage or auto loans

A) Diversification B) Arbitrage C) Computerization D) Securitization

Economics

All else equal, a decrease in demand will cause an increase in producer surplus

a. True b. False Indicate whether the statement is true or false

Economics

A nation's standard of living, as measured by real GDP per person, increases:

A. only if the share of population employed increases. B. if either average labor productivity and/or the share of population employed increase. C. only if both average labor productivity and the share of population employed increase. D. only if average labor productivity increases.

Economics