Which of the Following Is the Best Definition of a Recession

question 74

Multiple Choice

Which of the following is the best definition of a recession?

• A) period that follows two consecutive quarters of declines in the level of real GDP
• B) significant, widespread decline in real income and employment
• C) period that follows a stock market crash
• D) period that has a persistent low employment rate

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Definitions:

David Raup

A notable paleontologist who made significant contributions to the understanding of patterns of extinction and the dynamics of biodiversity over geologic time.

Permian Extinction

A massive extinction event occurring about 252 million years ago, marking the boundary between the Permian and Triassic periods, and resulting in significant loss of species.

Carbon Dioxide Levels

The concentration of CO2 in the Earth's atmosphere, an important factor influencing climate change and global warming.

Marine Diversity

The variety and variability of life forms within ocean habitats, ranging from microscopic plankton to large marine mammals.