A Common Definition of a Recession Is a Time with

question 156

Multiple Choice

A common definition of a recession is a time with

• A) a decrease in real GDP for two or more successive quarters.
• B) a decline in interest rates.
• C) a decline in the price level.
• D) a decrease in real GDP for two or more successive years.

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Definitions:

Psychological

Relates to the mind or mental processes and how they influence behavior and well-being.

Biological Factors

Elements within the biological makeup of organisms, such as genetics, brain chemistry, and physiology, that influence behavior and mental states.

Dissociative Identity Disorder

A psychological condition formerly known as multiple personality disorder, marked by the presence of two or more distinct personality states or identities in a single individual.

Availability Heuristic

A cognitive shortcut that relies on immediate examples that come to a given person's mind when evaluating a specific topic, concept, method, or decision.