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Question
Which of the following statements is most correct?A. A recession is officially defined as two consecutive quarters where the real growth rate is negative.
B. A recession officially begins when unemployment exceeds 5.0 percent.
C. There is no hard and fast definition of a recession.
D. The official date of a recession is determined by the Federal Reserve Board, but usually with at least a three-month delay.
Answer
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Related questions
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