Examlex
Which of the following is an INCORRECT statement?
Recessions
A significant decline in economic activity across the economy, lasting more than a few months.
Deficit
The amount by which government spending exceeds its revenue over a specified period, leading to borrowing or budget shortfalls.
Unilateral Transfer
A one-way transaction where a country provides resources, goods, or money to another country without expecting anything in return.
Foreign Aid
An international transfer made on especially favorable terms for the purpose of promoting economic development.
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