Which of the Following Is True

question 71

Multiple Choice

Which of the following is true?

• A) A recession is defined as two or more successive quarters in which the economy shrinks instead of grows.
• B) A recession is defined as two or more quarters in which unemployment rates are above 7 percent.
• C) Unemployment is defined as the total number of workers who are not in the work force in any given quarter.
• D) Inflation is defined as a sudden rise in prices for hot commodities like gasoline and electronics.
• E) All of the above are true.