Recessions Occur Because of

question 104

Multiple Choice

Recessions occur because of

• A) real adverse shocks to the economy.
• B) shocks to technology.
• C) difficulties in coordinating economic affairs.
• D) all of the above

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Definitions:

Risky Shifts

A phenomenon observed in group decision-making processes, where groups tend to make riskier decisions than individuals would when alone.

Original Experiments

Experimental studies or research designed to test hypotheses by manipulating variables in a controlled environment for the first time.

Polarizing Impact

The effect of intensifying differences and divisions within a group or between groups, often leading to a heightened state of conflict or disagreement.

Group Polarization

The phenomenon that occurs when a group's prevailing attitudes or decisions become more extreme following group discussion.