The term ________ is defined as having two consecutive quarters of decline in the country's gross domestic product.
A) deflation
B) stagnation
C) depression
D) stagflation
E) recession

Question

Quizplus · Accepted Answer

A)If the period of downward swing is severe, the nation may enter into a recession, traditionally defined as two consecutive quarters of decline in the gross domestic product.
B)If the period of downward swing is severe, the nation may enter into a recession, traditionally defined as two consecutive quarters of decline in the gross domestic product.
C)If the period of downward swing is severe, the nation may enter into a recession, traditionally defined as two consecutive quarters of decline in the gross domestic product.
D)If the period of downward swing is severe, the nation may enter into a recession, traditionally defined as two consecutive quarters of decline in the gross domestic product.
E)If the period of downward swing is severe, the nation may enter into a recession, traditionally defined as two consecutive quarters of decline in the gross domestic product.

The Term ________ Is Defined as Having Two Consecutive Quarters