By Common Definition, a Recession Occurs When

question 260

Multiple Choice

By common definition, a recession occurs when

• A) the international deficit worsens for at least two successive quarters.
• B) real GDP decreases for at least two successive quarters.
• C) the inflation rate exceeds 3.5 percent.
• D) the government budget deficit exceeds the national debt.

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Definitions:

UCC

Stands for Uniform Commercial Code, a standardized set of laws and regulations intended to streamline and harmonize the conduct of business and commercial transactions across the U.S.

Computer Software

Programs and operating information used by a computer to perform specific tasks.

Technical Support

A service provided to help users solve technical problems or issues related to products such as computers, software, or electronics.

Caveat Emptor

A principle that the buyer alone is responsible for checking the quality and suitability of goods before a purchase is made.