What Is True About a Recession

question 2

Multiple Choice

What is true about a recession?

• A) It can be concentrated only in a single geographic area, but must be widespread across many sectors of the economy.
• B) It must be a significant decline in economic activity for at least three years in a row.
• C) It is a significant decline in economic activity lasting more than a few months and must be widespread geographically.
• D) None of these answers is correct.

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Definitions:

Negotiation

The process of discussing things with others to reach an agreement, compromise, or settlement.

Order

An authoritative command, direction, or instruction, typically issued by a court or by someone in a position of power.

Bearer

A term referring to an individual in possession of a negotiable instrument (such as a check or bond) that is payable to whoever holds it.

Assigns

Individuals or entities to whom rights or properties are legally transferred.