Question

question 4 (mandatory) (3.2258 points)
a widely accepted definition of a recession is
a) said to occur whenever real gdp falls below the short - term trend.
b) said to occur whenever real gdp falls below the long - term trend.
c) a fall in real gdp lasting at least two years.
d) a fall in real gdp lasting at least six months in a row.
e) a fall in real gdp lasting at least one month.

Explanation:

The widely accepted conventional definition of a recession is a sustained decline in real gross domestic product (GDP) over a specific period. Among the options, the standard benchmark is a fall in real GDP that lasts for at least six consecutive months.

Answer:

d) a fall in real GDP lasting at least six months in a row.