A recession is often considered to be:
a. an economic downturn that persists for more than two consecutive quarters of the year.
b. any period when the unemployment rate exceeds 6 percent.
c. any period of more than six months in which unemployment is rising.
d. an economic downturn that persists for more than four consecutive quarters of the year.

The correct answer is letter "A": an economic downturn that persists for more than two consecutive quarters of the year.

Explanation:

Recessions are economic downturns in an economy characterized by the fall growth for more than two consecutive quarters. The most important indicator that determines the economic downturn is the real Gross Domestic Product (GDP). The National Bureau of Economic Research (NBER) is the entity in charge of calling the recession.

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lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o