A Traditional Definition of Recession Is

question 42

Multiple Choice

A traditional definition of recession is

• A) any GDP gap which persists for 9 months or more
• B) deflation or a slowing of the inflation rate for one year or more
• C) a temporary shock to the economy resulting in the need for fiscal or monetary stimulus
• D) at least two successive quarters of positive unemployment
• E) negative GDP growth for half a year or more

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Definitions:

Spelling Errors

Mistakes made in the arrangement of letters that form words, leading to incorrect spelling and potentially altering meaning.

Priviledge

A special right, advantage, or immunity granted or available only to a particular person or group.

Percent

A mathematical term representing a part per hundred, used to describe proportions or ratios.

Helmets

Protective headgear worn to reduce the risk of injury, especially in sports, construction, and transportation.