Most Recessions and Depressions

question 15

Multiple Choice

Most recessions and depressions

• A)are accurately forecasted.
• B)usually occur with ample advance warning.
• C)cause falling unemployment.
• D)occur with little advance warning.

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Definitions:

Capital And Financial Account Deficits

A situation where a country's capital outflows exceed its capital inflows, resulting in a net outflow of domestic currency to foreign markets.

Balance Of Payments Surpluses

A situation where the total of a country's international transactions results in net earnings, with more credits from exports and capital income than debits for imports and overseas investments.

Recession

A significant decline in economic activity across the economy, lasting longer than a few months, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.

Trade Surplus

The amount by which a nation’s exports of goods (or goods and services) exceed its imports of goods (or goods and services).