A Recession Is a Period in Which

question 163

Multiple Choice

A recession is a period in which:

• A)cost-push inflation is present.
• B)nominal domestic output falls.
• C)demand-pull inflation is present.
• D)real domestic output falls.

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Definitions:

Northerners

Residents or natives of the northern part of a country or region, often distinct in cultural, social, or economic practices from those in the southern part.

Re-Admittance

The process of being allowed to return or gain entry again into a place, organization, or institution from which one was previously excluded or had left.

Black Codes

Laws passed in the southern United States after the Civil War, intended to restrict the freedoms and rights of African Americans and ensure a labor force.

Political Make Up

The composition or structure of a political entity, such as a government or party, including its ideology, policies, and distribution of power.