The Falling Phase of a Business Cycle Measured by a Decrease

question 25

Multiple Choice

The falling phase of a business cycle measured by a decrease in real GDP is called:

• A)hyperinflation.
• B)expansion.
• C)recession.
• D)peak.

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Definitions:

National Association of Manufacturers

A trade association founded in 1895, representing small and large manufacturers in every industrial sector and in all 50 states in the U.S.

Persecution

The systematic mistreatment of an individual or group by another group due to political, religious, or ethnic differences.

Harry Truman's Reelection

The event in 1948 when Harry S. Truman, the 33rd President of the United States, won an unexpected victory to serve a second term, defying poll predictions.

American Political History

The study of the political events, movements, leaders, and institutions that have shaped the United States from its founding to the present day.