Author Question: According to convention, a recession is referred to if an economy goes through A) at least two ... (Read 52 times)

Chloeellawright · **on:** Jun 30, 2018

According to convention, a recession is referred to if an economy goes through

A) at least two consecutive quarters of negative growth.
B) at least three consecutive quarters of negative growth.
C) at least four quarters of negative growth.
D) at least two consecutive months of negative growth.

Question 2

Which of the following represents real GDP?

A) GDP in constant dollars
B) GDP in terms of goods
C) GDP in base year dollars
D) all of the above