What do economists usually use the term "recession" to refer to?
A)two or more consecutive quarters of declining real GDP
B)any slowdown in the growth of real GDP
C)zero real GDP growth
D)a reduction in nominal GDP lasting more than six months

Question

Quizplus · Accepted Answer

Economists usually use the term "recession" to refer to two or more consecutive quarters of declining real GDP. This means that the economy is shrinking, and it can have negative impacts on employment, income, and overall economic wellbeing.

What Do Economists Usually Use the Term "Recession" to Refer