Question
What is the minimum number of quarters with successive declines in real GDP that must occur before an economy is considered to be in a recession?(1 point)
Responses
one
one
four
four
two
two
three
Responses
one
one
four
four
two
two
three
Answers
GPT-4o mini
The correct response is **two**. An economy is typically considered to be in a recession when it experiences two successive quarters of decline in real GDP.