The National Bureau of Economic Research Determines That a Recession

question 177

Multiple Choice

The National Bureau of Economic Research determines that a recession is over

• A) after one year of economic growth.
• B) when the economy is in a trough.
• C) when the unemployment rate falls below 5%.
• D) when the stock market reaches its prerecession level.

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Definitions:

Tolerance

The capacity to endure continued subjection to something, such as a drug or environmental conditions, without adverse reaction.

Drug

A substance which has a physiological effect when ingested or otherwise introduced into the body, often used for medicinal, recreational, or performance-enhancing purposes.

Effect

The change that is a result or consequence of an action or condition, often used in the context of examining causes and their impacts.

Hallucinations

Perceptions in a conscious and awake state in the absence of external stimuli which have qualities of real perception.