A 'Recession' Is Often Defined As

question 110

Multiple Choice

A 'recession' is often defined as:

• A)two consecutive quarters experiencing a decline in the economic growth rate.
• B)two consecutive quarters of declining nominal GDP.
• C)a significant decline in activity visible in industrial production, employment, real income, and wholesale/retail trade lasting more than a few months.
• D)a significant decline in inflation and unemployment lasting more than a few months.

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Definitions:

Applied Ethics

The branch of ethics that deals with the analysis of specific, controversial moral issues such as abortion, animal rights, and euthanasia.

Method Ethics

An approach to ethics that focuses on the procedures or methods used to make moral decisions, rather than on the outcomes of the decisions.

Criminal Justice

The system of practices and institutions aimed at upholding social control, deterring and mitigating crime, and sanctioning those who violate laws with criminal penalties and rehabilitation efforts.

Abuse Of Discretion

A failure to exercise reasonable judgment or fair decision-making by someone in a position of authority, often leading to unjust outcomes.