Ask Question
HistoryHistory
29 March, 13:50

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.

+3
Answers (1)
  1. 29 March, 15:31
    0
    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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which of the following is the economic definition for recession? Any increase in unemployment is a recession. An increase of 2% or more in ...” in 📘 History if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Which of the following powers is not specifically granted to the president? Serving as administrative head of the nation Convening Congress Drafting legislation Vetoing legislation
Answers (1)
What led to the end of the Apache wars in Texas and Mexico?
Answers (1)
Which of the following became common after the 1933 National Industry Recovery Act was no longer in effect? A) Union members interrogated and blacklisted employers. B) Employers had problems finding workers because of low pay.
Answers (1)
True of false : voters may have the opportunity to vote more than once per year?
Answers (1)
How did the Spanish civil war increased tensions in Europe prior to World War II
Answers (1)
New Questions in History
Explain three examples of similarities between the American and Latin American revolutions and three total examples differences.
Answers (1)
What does Hawthorne mean with the phrase, "the scarlet letter had not done its office" in Chapter 13 of The Scarlet Letter? Answer choices are A. The letter cripples Hester with guilt. B.
Answers (1)
In what chronological order did the following religious groups control Israel? A. Judaism, Islam, Christianity, Islam B. Judaism, Christianity, Islam, Judaism C. Christianity, Islam, Christianity, Judaism D. Islam, Judaism, Christianity, Judaism
Answers (2)
What was one specific rule put in place by the east india company that angered and offended sepoys
Answers (1)
Who was the major purpose of the Truman Doctrine?
Answers (2)
Home » History » 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.
Sign Up Forgot Password?