A Significant Decline in Activity Spread Across the Economy, Lasting

question 86

Multiple Choice

A significant decline in activity spread across the economy, lasting more than a few months is called

• A) a recession.
• B) inflation.
• C) an expansion.
• D) a peak.

---

Definitions:

Online Dispute Resolution

A branch of dispute resolution which uses digital technologies to facilitate the resolution of disputes between parties.

Sales Over the Internet

The process of buying and selling goods or services through online platforms or websites.

Child Custody

The legal determination of which parent or guardian has the right to make decisions for a minor child and where the child will live.

Binding Arbitration

A dispute resolution process where an arbitrator's decision is final and legally enforceable, limiting parties' ability to seek court intervention.