A Severe Recession Is a Depression, a Period in Which

question 52

Multiple Choice

A severe recession is a depression, a period in which prices fall but there is little demand because few people have money to spend and many are out of work. This condition is part of ________.

• A) the microenvironment
• B) the business cycle
• C) the technological environment
• D) the legal environment
• E) social norms

---

Definitions:

Culture

A complex system of beliefs, values, customs, behaviors, and artifacts that members of society use to cope with their world and with one another, transmitted from generation to generation through learning.

Depression

Depression is a common and serious mood disorder that negatively affects how you feel, think, and handle daily activities.

Happiness

A condition of being well that is marked by feelings that vary from satisfaction to profound happiness.

Positive Emotions

Emotions that are experienced as pleasant and desirable, such as joy, gratitude, serenity, and love, contributing to overall well-being.