A Short Period of Falling Incomes and Rising Unemployment Is

question 225

Multiple Choice

A short period of falling incomes and rising unemployment is called a

• A)depression.
• B)recession.
• C)expansion.
• D)business cycle.

---

Definitions:

Union Dues

Fees paid by workers to labor unions to cover the cost of union representation and activities.

Agent's Signature

An agent's signature is the act of signing documents by a person (the agent) who has been authorized to act on behalf of another person or entity (the principal), indicating consent or agreement.

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money to a specified person or the bearer under particular terms.

Dishonored

Refused; specifically, a payment that has been refused despite a holder’s presenting an instrument in a timely and proper manner.