Which of the Following Statements About Recessions Is True

question 45

Multiple Choice

Which of the following statements about recessions is true?

• A)An old rule of thumb defining recession is two consecutive quarters of falling nominal GDP.
• B)Recessions occur at regular intervals and last standard amounts of time.
• C)There is no ironclad rule for the declaration of recessions.
• D)Recessions are associated with low unemployment and high income.

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