When Macroeconomists Use the Term "Recession" They Usually Define It

question 107

Multiple Choice

When macroeconomists use the term "recession" they usually define it as a fall in real GDP that lasts for at least

• A)one quarter.
• B)two quarters.
• C)three quarters.
• D)one year.
• E)two years.

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Definitions:

Ethiopia

A country in the Horn of Africa, known for its ancient civilization and diverse cultural heritage.

Italian Aggression

Refers to the expansionist policies and military actions of Italy, particularly under Fascist rule in the early to mid-20th century.

Cause Célèbre

A controversial issue or incident attracting a great deal of public attention.

Ethiopia

A country located in the Horn of Africa, known for its rich history, diverse cultures, and as one of the oldest locations of human life known to scientists.