A Decline in Real GDP That Lasts for Two Consecutive

question 162

Multiple Choice

A decline in real GDP that lasts for two consecutive quarters is called a(n) :

• A)economic downsizing
• B)depression
• C)recession
• D)resource divestment
• E)economic regression

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Definitions:

Cognitive Dissonance

The mental discomfort experienced by a person who holds two or more contradictory beliefs, ideas, or values.

Displacement

A defense mechanism where negative feelings or impulses are redirected from the original object to a more acceptable or safer target.

Overextension

A linguistic error, common in early language development, where a child applies a word in a broader context than is appropriate.

Functional Fixedness

The tendency to view an object in terms of its name or familiar usage.