An Informal Definition of a Recession Is at Least __________

question 118

Multiple Choice

An informal definition of a recession is at least __________ consecutive quarters of declining real GDP.

• A) 2
• B) 4
• C) 6
• D) 8
• E) 10

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Definitions:

Nonprofit Organizations

Organizations that may provide goods or services but do not have the fundamental purpose of earning profits.

Organizational Chart

A visual diagram that represents the structure of an organization, showing ranks and relationships between departments and positions.

Financial Assets

Instruments that represent an entity's right to receive cash or another financial asset from another entity, including stocks, bonds, and bank deposits.