Most of the Recessions Over the Past Half-Century Have Lasted

question 259

Multiple Choice

Most of the recessions over the past half-century have lasted between

• A) 6 and 18 months.
• B) 2 and 4 years.
• C) 1 year and 11 years.
• D) 2 and 3 months.

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Definitions:

Beneficiary

An individual or entity entitled to receive benefits or assets under a legal instrument, such as a will or insurance policy.

Bilateral Contract

A contract in which both parties make promises.

Consideration

In contract law, the mutual promise to exchange benefits and detriments between parties.

Premiums

The amount paid for insurance coverage or the payment above the nominal value of a security when issued.