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A recession is a decline in rev: 05_30_2018 Multiple Choice the inflation rate that lasts six months or longer. the unemployment rate that lasts six months or longer. potential GDP that lasts six months or longer. real GDP that lasts six months or longer.

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Answer:

Real GDP that lasts six months or longer

Explanation:

As recession is a decline in an economy for a period of at least 6 months. During this period an economy experiences fewer jobs, there would be low income and also a corresponding low consumption, stagnant businesses and some businesses might even have to come to a closure.

From the question a recession is a decline in real GDP that lasts for a period of 6 months or probably longer.

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