The Great Recession Was Different from Other Recessions Since World

question 93

Multiple Choice

The Great Recession was different from other recessions since World War II in that

• A) real gross domestic product (GDP)initially declined and then recovered sometime later.
• B) the trade deficit was largely unaffected.
• C) the rate of unemployment increased and then decreased at a later time.
• D) the decline in real gross domestic product (GDP)was much larger and lasted longer.
• E) the economy did not return to normal for at least one year.

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Definitions:

Bad News

Unfavorable or distressing information that needs to be communicated, often requiring careful handling to mitigate negative reactions.

Self-Handicapping

A cognitive strategy where individuals create obstacles for themselves or provide excuses for potential failure, thereby protecting self-esteem in case of poor performance.

Unrealistically High Goals

Targets or objectives set by an individual or a group that are significantly beyond current capabilities and may lead to strain or failure due to their impracticality.

Final Exam

A test given at the end of a course of study to assess a student's understanding and mastery of the material.