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 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.

Answer 1

what you guess here?

Answer 2

B?

Answer 3

@King.Void. @ryanwhite499

Answer 4

@paki

Answer 5

i am sure about D.. .have a look

http://www.investopedia.com/terms/r/recession.asp

Answer 6

Its B. Sorry for answering your question so late

Answer 7

good thing im still on that question so B or D?

Answer 8

@ryanwhite499