Recession Quiz

A decrease in industrial production

Two consecutive quarters of negative GDP growth (correct)

A decline in retail sales

A decrease in nonfarm payrolls

By focusing solely on GDP growth

By considering the stock market performance

By analyzing international trade data

By looking at nonfarm payrolls, industrial production, and retail sales (correct)

There is no fixed rule about what measures contribute information to the process or how they are weighted (correct)

Only GDP growth is considered in the recession determination process

Nonfarm payrolls are the primary measure used for recession determination

Retail sales are the most important indicator for recession determination

<p>Roughly 10% of the time</p> Signup and view all the answers

<p>Prompt companies to lay off staff and weaken consumer spending power</p> Signup and view all the answers