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Basic Question 4 of 6

What is the definition of a recession?

A. A decrease in the growth rate of real GDP for 2 consecutive quarters
B. A decrease in real GDP for 2 consecutive quarters
C. A decrease in real GDP for 3 consecutive months

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I used your notes and passed ... highly recommended!
Lauren

Lauren

Learning Outcome Statements

describe the business cycle and its phases

CFA® 2024 Level I Curriculum, Volume 1, Module 2.