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Basic Question 4 of 6
What is the definition of a recession?
B. A decrease in real GDP for 2 consecutive quarters
C. A decrease in real GDP for 3 consecutive months
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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Learning Outcome Statements
describe the business cycle and its phases
CFA® 2025 Level I Curriculum, Volume 1, Module 2.