Economists Define a Recession as a Period

question 113

Multiple Choice

Economists define a recession as a period:

• A) when aggregate output declines for two quarters or more
• B) of declining employment
• C) of declining prices
• D) of very rapidly declining prices

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Definitions:

Tolerance

The process by which the body increasingly adapts to a substance or a physiological condition, often requiring more to achieve the original effect.

Psychological Abilities

The cognitive functions and capacities that enable an individual to process information, understand relationships, and solve problems.

Direct Hazards

Immediate risks or dangers that pose a threat to health, safety, or well-being in an environment or activity.

Indirect Hazards

Risks that arise not as a direct result of an action but as a consequence of various secondary factors or situations.