Which of the Following Statements Is Most Correct

question 23

Multiple Choice

Which of the following statements is most correct?

• A) A recession is officially defined as two consecutive quarters where the real growth rate is negative.
• B) A recession officially begins when unemployment exceeds 5.0 percent.
• C) There is no hard and fast definition of a recession.
• D) The official date of a recession is determined by the Federal Reserve Board, but usually with at least a three-month delay.

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Definitions:

Important Things

Refers to items or aspects considered to be of great significance or value in a particular context.

First Attention

The initial focus or concern given to a new task or piece of information before any other pending tasks.

Framework

An essential structure underlying or supporting a system, concept, or text.

Measuring

The process or technique of determining the extent, dimensions, quantity, or capacity of something, typically by comparison with a standard.