An Economy Is Said to Be in a Recession If

question 89

True/False

An economy is said to be in a recession if GDP declines for two or more consecutive quarters.

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Definitions:

Independence

The state or condition of being self-reliant and not influenced or controlled by others.

Instrumental Value

The value assigned to something based on its utility or means to achieve an end, rather than its intrinsic worth.

Self-Control

The ability to regulate one's emotions, thoughts, and behaviors in the face of temptations and impulses.

Honesty

The quality of being truthful, transparent, and free of deceit in one’s actions and communications.