From the homepage of the Bureau of Economic Analysis (www.bea.gov) obtain quarterly data for U.S. real GDP
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From the homepage of the Bureau of Economic Analysis (www.bea.gov) obtain quarterly data for U.S. real GDP from the last three recessions: 1981–1982, 1990–1991, and 2001. LO1, LO2
a. How many quarters of negative real GDP growth occurred in each recession?
b. Which, if any, of the recessions satisfied the informal criterion that a recession must have two consecutive quarters of negative GDP growth?
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