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Match Each Term with Its Description or Definition

question 65

Multiple Choice

Match each term with its description or definition.
-Informal term used to describe the response of the body to sympathetic nervous system stimulation


Definitions:

Recession

A spell of economic retrenchment characterized by a reduction in manufacturing and trade activities, typically signified by two successive quarters of GDP decline.

Inflation

How quickly the average cost of goods and services goes up, resulting in a decrease in the ability to purchase.

Economic Growth

A rise in the output of goods and services in an economy over a certain period, frequently assessed using GDP.

Federal Budget Deficit

The financial situation where the federal government's expenditures exceed its revenues within a given fiscal year.

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