A Recession Occurs When Real GDP Decreases for at Least

question 284

True/False

A recession occurs when real GDP decreases for at least 6 months.

---

Definitions:

Standard Normal Probability Distribution

A normal distribution with a mean of zero and a standard deviation of one.

Probability Density Function

A function that describes the relative likelihood for a random variable to take on a given value.

Continuous Random Variable

A type of random variable that can take an infinite number of possible values, often representing measurements on a continuous scale.

Standard Normal Probability Distribution

A type of normal distribution with a mean of 0 and a standard deviation of 1, used in statistics to standardize scores.