The minimum number of quarters with successive declines in real GDP that must occur before an economy is considered to be in a recession is typically two. This is the standard definition used by many economic organizations, including the National Bureau of Economic Research (NBER).
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
three
three
two
two
one
one
four
1 answer