In the United States, recessions are informally defined as ...

[hubes95]

In the United States, recessions are informally defined as ________ in real GDP.
 
  A) two consecutive quarters of positive growth B) two consecutive quarters of negative growth
  C) three consecutive quarters of negative growth D) three consecutive quarters of positive growth

Question 2

Banks prefer to make loans than keep reserves because they earn interest on loans and must pay interest on reserves.
 
  Indicate whether the statement is true or false

[vickybb89]

Answer to Question 1

B

Answer to Question 2

FALSE