Economists define a ____ as two consecutive three-month periods of decline in a country's gross domestic product.
A) repression
B) prosperity
C) recession
D) trough
E) recovery

Question

Quizplus · Accepted Answer

A recession is defined by economists as two consecutive quarters (or three-month periods) of decline in a country's gross domestic product (GDP). It is generally characterized by a decrease in economic activity, high unemployment rates, and a general slowdown in business activity. The opposite of a recession is an economic expansion or boom, which is characterized by increased economic activity, low unemployment rates, and an increase in consumer and business confidence.

Economists Define a ____ as Two Consecutive Three-Month Periods of Decline