A Severe Recession Is Called A(n)

question 5

Multiple Choice

A severe recession is called a(n) :

• A) depression.
• B) deflation.
• C) exogenous event.
• D) market-clearing assumption.

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Definitions:

Amalienburg

A small hunting lodge in the Nymphenburg Palace Park, Munich, Germany, noted for its elaborate Rococo architecture.

French Rococo

An artistic movement that originated in early 18th-century France, characterized by elaborate ornamentation, fluid curves, and themes of love, nature, and light-heartedness.

Vierzehnheiligen

A famous basilica located in Bavaria, Germany, known for its elaborate Baroque architecture.

Balthasar Neumann

A renowned German architect and military artillery engineer of the 18th century known for designing the residence in Würzburg and the Basilica of the Fourteen Holy Helpers.