Mainstream Economists Say That Recessions Are Unlikely to Occur Today

question 140

True/False

Mainstream economists say that recessions are unlikely to occur today because prices and wages are highly flexible downward.

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Definitions:

Protons

Positively charged subatomic particles found in the nucleus of an atom, contributing to the atom's mass and defining the element's atomic number.

Electrons

Negatively charged subatomic particles that orbit the nucleus of an atom, involved in electrical conduction and chemical bonding.

Buffer

A solution or compound that stabilizes the pH of a solution by adding or removing hydrogen ions.

Acidic

Characterized by a low pH, indicating a higher concentration of hydrogen ions, often associated with substances like lemon juice or vinegar.