Economic Contraction Is Said to Have Occurred When

question 10

Multiple Choice

Economic contraction is said to have occurred when:

• A)GDP increases.
• B)spending declines.
• C)jobs increase.
• D)inflation decreases.
• E)unemployment falls.

---

Definitions:

Old Memories

Refers to recollections from the distant past, often held for many years, and can include both personal experiences and learned information.

Korsakoff's Syndrome

A chronic memory disorder caused by severe deficiency of thiamine, often associated with alcoholism.

Amnesia

A loss of memory due to brain injury, disease, or psychological trauma, affecting one's ability to recall past experiences.

Prefrontal Cortex

A part of the brain located in the frontal lobe, associated with decision making, social behavior, personality, and cognitive planning.