The NBER Describes a Recession as

question 105

Multiple Choice

The NBER describes a recession as

• A)"a decrease in the standard of living for at least one year."
• B)"a decrease in real GDP for two successive quarters."
• C)"a period of significant decline in total output, income, employment, and trade, usually lasting from six months to a year."
• D)"a decrease in potential GDP for at least six months."
• E)"a one year period with increases in the unemployment rate."

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Definitions:

Research Designs

The overall strategy or framework for planning, conducting, and analyzing a study to answer specific research questions or test hypotheses.

Qualitative Studies

Research methods focusing on understanding concepts, thoughts, or experiences through analysis of non-numerical data.

Research Settings

The specific locations or environments in which scientific studies are conducted, including laboratories, field sites, and virtual spaces.

Pretest-Posttest

A research design where measurements are taken both before and after a treatment or intervention to assess its effects.