Economists Usually Use the Term "Recession" to Refer to

question 177

Multiple Choice

Economists usually use the term "recession" to refer to

• A)any slowdown in the growth of real GDP.
• B)zero real GDP growth.
• C)two or more consecutive quarters of declining real GDP.
• D)a reduction in nominal GDP lasting more than six months.

---

Definitions:

Accounts Receivable

Represents the money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Ethnolinguistic Vitality

The degree to which a cultural or ethnic group is able to maintain and use its language and culture in the presence of other dominant groups.

Immigrants

Individuals who move from one country to another with the intention of settling in the new country.

Tribal Cultures

Societies organized into tribes, featuring strong communal bonds, traditions, and often distinct languages or cultural practices.