If Real GDP Declines for at Least One-Half Year, the Economy

question 83

Multiple Choice

If real GDP declines for at least one-half year, the economy is experiencing a:

• A) depression.
• B) decline.
• C) recession.
• D) growth recession.
• E) deflation.

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Definitions:

David Premack

A psychologist known for the Premack Principle, which suggests that more probable behaviors can reinforce less probable behaviors.

Herbert Terrace

A psychologist known for his work in animal cognition, especially in language learning in chimpanzees.

Native-born Americans

Individuals born in the United States, as opposed to those who have immigrated and obtained citizenship.

Linguistic Relativity Hypothesis

The theory that the structure of a language affects its speakers' worldview or cognition.