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A common technical definition of a recession is:
a.A single quarter of falling stock prices
b.Two consecutive quarters of declining real GDP
c.A year in which inflation exceeds 5%
d.Any period when the unemployment rate rises
Giải thích
A recession is commonly defined as two consecutive quarters of declining real GDP, indicating a contraction in the business cycle. It represents a broad slowdown in economic activity, often accompanied by rising unemployment and falling output.
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