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Studentka2010 [4]
3 years ago
6

Which of the following is the economic definition for recession? Any increase in unemployment is a recession. An increase of 2%

or more in unemployment is a recession. Any decline in the real GDP is a recession. Two or more quarters (6 months or more) of declining real GDP is a recession.
History
1 answer:
Nana76 [90]3 years ago
6 0
<span>Two or more quarters (6 months or more) of declining real GDP is a recession. It should also be noted that these quarters must be back-to-back, regardless of the extent of the fall. </span>
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