An Economic Expansion Rather Than a Recession Occurs

question 127

Multiple Choice

An economic expansion rather than a recession occurs

• A) when the unemployment rate is not changing.
• B) when the unemployment rate falls below 5 percent.
• C) when the federal budget is balanced.
• D) when growth in real GDP is positive.

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Definitions:

Wealthy Southern Planters

Historically, affluent landowners in the Southern United States who relied heavily on slave labor for agricultural production.

Freedmen

Refers to former enslaved African Americans who were emancipated during and after the American Civil War.

Emancipation

The act of freeing individuals from bondage or slavery, often refers specifically to the liberation of slaves during the U.S. Civil War.

Economic Opportunities

Refers to the chances or prospects available within a society for individuals or groups to improve their financial and social status through employment, entrepreneurship, and investment.