When Real GDP Falls for Two Consecutive Quarters the Economy

question 70

Multiple Choice

When real GDP falls for two consecutive quarters the economy is in a

• A) depression.
• B) recession.
• C) peak.
• D) trough.

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Definitions:

1815

is the year marked by the end of the Napoleonic Wars with the defeat of Napoleon at the Battle of Waterloo.

Colonization Movement

An initiative mainly in the 18th and 19th centuries aimed at resettling freed African Americans in Africa, notably in Liberia.

Black Americans

Black Americans are citizens or residents of the United States with African ancestry, significantly contributing to the nation's culture, history, and socio-economic development.

Adamantly Opposed

Firmly resisting or rejecting a policy, idea, or practice without yielding or compromising.