Economists Usually Use the Term "Recession" to Refer to

question 177

Multiple Choice

Economists usually use the term "recession" to refer to

• A)any slowdown in the growth of real GDP.
• B)zero real GDP growth.
• C)two or more consecutive quarters of declining real GDP.
• D)a reduction in nominal GDP lasting more than six months.

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Definitions:

Proposed Program Section

A section of a plan or proposal that outlines the details, objectives, and activities of a program that is being suggested.

Scholarship

Financial support awarded to a student on the basis of academic or other achievement to help fund their education.

Justification

The reasoning behind a decision or action, often provided to explain why it is appropriate or required.

Completion Report

a document that summarizes the outcomes and status of a project or task at its conclusion.