A Recession Occurs When GDP Declines for

question 36

Multiple Choice

A recession occurs when GDP declines for

• A)one quarter.
• B)two consecutive quarters.
• C)three consecutive quarters.
• D)four consecutive quarters.

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Definitions:

Behavioral Consequence

refers to the result or outcome that follows a specific behavior, influencing future behavior through reinforcement or punishment.

Group Polarization

The tendency of a group to make decisions that are more extreme than the initial inclination of its members.

Mob Behavior

involves how individuals in a group can often behave differently together than they would alone, typically under the influence of a collective impulse or pressure.

Groupthink

is a psychological phenomenon in which the desire for group conformity leads to irrational or dysfunctional decision-making outcomes.