A recession is commonly defined as a period with
A) negative growth rate in real GDP that lasts at least one quarter.
B) positive growth rate in real GDP that lasts at least one quarter.
C) positive growth rate in real GDP that lasts at least two quarters.
D) negative growth rate in real GDP that lasts at least two quarters.

Question

Quizplus · Accepted Answer

A recession is typically defined as a period of negative growth in real GDP that lasts for at least two quarters. This definition is widely used by economists and policymakers to identify periods of economic downturn.

A Recession Is Commonly Defined as a Period with