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The generally accepted definition of a recession is Question 20 options: two consecutive quarters of declining nominal GDP. two consecutive quarters of declining real GDP.
The generally accepted definition of a recession is Question 20 options: two consecutive quarters of declining nominal GDP. two consecutive quarters of declining real GDP. 9 months of rising unemployment and falling inflation. a significant decline in activity visible in industrial production, employment, real income, and wholesale/retail trade lasting more than a few months. a significant decline in inflation and unemployment lasting more than a few months
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