Which of the Following Statements Is NOT True

question 140

Multiple Choice

Which of the following statements is NOT true?

• A) A recession begins just after the economy reaches a peak of activity and ends as the economy reaches its trough.
• B) Between trough and peak, the economy is in an expansion.
• C) Between two peaks, the economy is in a recession.
• D) A complete business cycle is defined by the passage from one peak to the next.

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Definitions:

Real Property

Refers to land and anything permanently attached to it, such as buildings, also including rights and interests in the property.

Food Stamps

A government assistance program providing low-income households with funds to purchase food, now commonly known as the Supplemental Nutrition Assistance Program (SNAP).

Judicial Review

The power of courts to assess the legality of actions or decisions made by the government or other public bodies.

Legislative Action

Legislative action includes the processes and activities through which laws are proposed, considered, modified, and ultimately passed or rejected by a legislative body.