How Is Recession Defined by the National Bureau of Economic

question 59

Multiple Choice

How is recession defined by the National Bureau of Economic Research [NBER]?

• A)Two consecutive quarters of declining GDP
• B)A significant decline in total output, income, employment, and trade for six months to one year
• C)A dramatic decline in unemployment for less than six months
• D)A sharp increase in money supply and the market rate of interest
• E)A significant decline in stock prices over three consecutive quarters of a business year

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Definitions:

Cytoplasm

The gel-like substance inside a cell that surrounds the nucleus and is where most cellular activities occur.

Substantia Nigra

A region of the brain that plays an important role in reward, addiction, and movement; known for its high concentration of dopamine-producing neurons.

Red Nucleus

A structure in the brainstem involved in motor coordination and the control of limb movements.

Globus Pallidus

A subcortical structure of the brain involved in the regulation of voluntary movement.