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

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Economics

ISBN: 125375

10th Edition

Authors: Stephen Slavin

Question Posted: