Which of the Following Terms Refers to an Unusually Severe,prolonged

question 144

Multiple Choice

Which of the following terms refers to an unusually severe,prolonged recession,typically with an unemployment rate that exceeds 20 percent?

• A) Depression
• B) Inflation
• C) Deflation
• D) Stagflation

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Definitions:

Production Possibilities Curve

A graph that depicts the maximum feasible amounts of two commodities that a business can produce when those commodities compete for limited resources.

Technological Advance

The process of developing new technologies or improving existing ones to increase productivity or solve problems.

Soil Fertility

The ability of soil to provide essential nutrients to plants in adequate amounts for growth.

Overgrazing

The degradation of a grazing land, resulting from livestock grazing at a rate higher than the capacity of the land to regenerate.