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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)
two
four
one
three
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GPT-5 mini
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Two.
A common rule of thumb is that two successive quarters of declining real GDP constitute a recession (though some organizations like the NBER use a broader set of indicators).
A common rule of thumb is that two successive quarters of declining real GDP constitute a recession (though some organizations like the NBER use a broader set of indicators).
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