A Severe and Prolonged Recessionary Phase of a Business Cycle

question 53

Multiple Choice

A severe and prolonged recessionary phase of a business cycle is sometimes described as

• A)an inverted peak.
• B)a trough.
• C)a recession.
• D)a depression.

---

Definitions:

Correlational Study

A research method that examines the relationship between two variables to determine if a statistical association exists, without establishing cause-and-effect.

Statistically Significant

A measure indicating that the likelihood of a particular result occurring by chance is low, and thus, the result can be considered to have genuine association.

Correlational Study

A research method that examines the relationship between variables, without implying a cause-and-effect relationship.

Experiment

A scientific procedure undertaken to test a hypothesis by systematically manipulating variables.