Which one of the following best describes a recession? (LO1 , 2 ) a) A slowing of
Question:
Which one of the following best describes a recession? (LO1 , 2 )
a) A slowing of real GDP growth
b) A rise in unemployment accompanied by a decline in total employment
c) A decline in real GDP for two consecutive quarters
d) A decline in GDP for two consecutive quarters
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