From the homepage of the Bureau of Economic Analysis (www.bea.gov) obtain quarterly data for U.S. real GDP
Question:
a. How many quarters of negative real GDP growth occurred in each recession?
b. Which, if any, of the recessions satisfied the informal criterion that a recession must have two consecutive quarters of negative GDP growth?
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Data on real GDP and the growth rate of real GDP during the 198182 199091 and 2001 recessions are gi...View the full answer
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