CFA Practice Question

There are 539 practice questions for this study session.

CFA Practice Question

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
Correct Answer: B

A recession is defined as a decrease in real GDP for 2 consecutive quarters.

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