A recession is defined by ________. a. a declining GDP for at ...

[pepyto]

A recession is defined by ________.
 
  a. a declining GDP for at least 2 quarters in a given year
  b. an unchanging GDP for at least 2 quarters in a given year
  c. a declining GDP for at least 2 consecutive quarters
  d. an unchanging GDP for at least 4 consecutive quarters
  e. a declining GDP for at least 4 consecutive quarters

Question 2

One major factor underlying the U.S. economic crisis of 2008 was that too many Americans had been issued subprime mortgages that they did not have the ability to repay.
 
  Indicate whether this statement is true or false.

[wuly]

Answer to Question 1

C

Answer to Question 2

TRUE

[pepyto]

Both answers were spot on, thank you once again

[wuly]

Great! Please up vote