A Review of Economic Data Suggests That

question 56

Multiple Choice

A review of economic data suggests that:

• A) expansions are shorter than recessions.
• B) business cycles are recurrent and periodic.
• C) over the last fifty years, recessions are becoming more common.
• D) recessions are shorter in duration than expansions.

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Definitions:

Ingroup Bias

The tendency to favor and extend loyalty to members of one's own group over others, often leading to prejudice and discrimination.

Prejudice and Discrimination

Prejudice and discrimination involve unfair treatment or negative attitudes towards individuals based on their membership in a particular group, often rooted in stereotypes.

Scapegoat Effect

Blaming a person or group for the wrongdoings, mistakes, or faults of others, often as a way of distracting from one's own failures.

Implicit Prejudice

Unconscious biases or attitudes toward people or associate stereotypes with them without conscious knowledge.