A Common Definition of a Recession Is a Period of Time

question 304

Multiple Choice

A common definition of a recession is a period of time

• A) with no change in real GDP.
• B) with an increase in real economic output from the previous period.
• C) with no change in the dollar money) value of economic output.
• D) of at least 6 months during which real GDP decreases.

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Definitions:

Quasi-experimental Design

An empirical study used to estimate the causal impact of an intervention without random assignment.

Correlated Groups Design

A research design where the samples are related or matched in some manner, rather than being completely independent groups.

Control Series Design

An experimental design that involves comparing data from a series of observations before and after the implementation of some intervention or treatment.

Interrupted Time Series Design

A quasi-experimental design in which observations are made over time both before and after an intervention.