The General Rule of Thumb Is That a Recession Should

question 108

Multiple Choice

The general rule of thumb is that a recession should be at least how many quarters of negative growth?

• A) 1
• B) 2
• C) 3
• D) 4

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Definitions:

Formation Of Contract

The legal process by which an agreement between parties becomes legally enforceable, usually involving offer, acceptance, consideration, and mutual intent.

Offer And Acceptance

The fundamental components of a contract where one party makes an offer and the other accepts, creating a legally binding agreement.

Consideration

A value (such as money, service, or goods) exchanged between parties in a contract, making the agreement legally binding.

Fairness

The quality of being impartial, just, and equitable in decisions and actions.