Race and Ethnicity Are Distinct, and Individuals of the Same

question 96

True/False

Race and ethnicity are distinct, and individuals of the same race may have different ethnic identities. For example, a White person can be Hispanic or non-Hispanic.

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Definitions:

Economic Recession

A period of significant decline in economic activity across the economy that lasts for months or years, marked by drops in GDP, income, employment, and trade.

Prosperity

A state of economic well-being and success, marked by financial stability, growth, and the abundance of goods and services.

Inflation

The speed at which overall prices for goods and services increase, resulting in a decline in the value of money.

Federal Reserve

The central banking system of the United States, responsible for implementing the country's monetary policy, stabilizing the economy, and overseeing the nation's commercial banks.