Which of the Following Is Not a Characterisation of a Depression

question 35

Multiple Choice

Which of the following is not a characterisation of a depression?

• A) High unemployment rates
• B) Lower stock values
• C) Two or more consecutive six-month periods of GDP decline
• D) General decrease in business activity
• E) General lack of confidence in the economy by members of the population

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Definitions:

Optimum

Optimum refers to the most favorable condition or level for growth, reproduction, or efficiency.

Good Y

An unspecified product or commodity referred to generically to discuss economic theories or principles.

Good X

A term typically used in economics to denote a specific commodity or product in theoretical models and discussions.

Budget Constraint

A concept in economics that represents all the combinations of goods and services a consumer can afford given their income and the prices of goods and services.