Which of the Following Is True of a Recession

question 150

Multiple Choice

Which of the following is true of a recession?

• A)It is typically accompanied by inflation and investment growth.
• B)It lasts for more than two years on an average.
• C)It is typically longer than periods of expansion.
• D)It begins after an expansion has peaked.
• E)It continues as long as actual output exceeds the potential output.

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Definitions:

Drug Legalization

The process of removing legal prohibitions against drugs, allowing them to be legally produced, sold, and used under regulated conditions.

Material Success

The accumulation of wealth and physical possessions that are often used as a measure of a person's or organization's achievement.

Strain Theory

Holds that people may turn to deviance when they experience strain. Strain results when a culture teaches people the value of material success and society fails to provide enough legitimate opportunities for everyone to succeed.

American Culture

The set of customs, traditions, and values of the United States, influenced by its history of immigration and diversity.