Consider the following data that identifies real gross domestic product (GDP) in comparison to the long-run trend of real GDP to answer the following questions: 
-How many quarters did this economy spend in a recession?
Definitions:
Consumer Lease
A contract in which a lessee (user) pays to use goods (like a vehicle) for a fixed period without obtaining ownership.
Common Law
A legal system based on court decisions and precedents rather than statutes.
Sales Contract
A legal agreement between a buyer and seller detailing the terms of sale for goods or services.
Statutory Law
The assortment of rules and regulations put forth by legislatures.
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