A Recession Can Best Be Defined as a Period of Time

question 56

Multiple Choice

A recession can best be defined as a period of time in which

• A)total output of the economy falls.
• B)total output of the economy rises very slowly.
• C)total unemployment falls.
• D)total international trade fails to rise.
• E)Both a and c

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Definitions:

Ad Hominem

A fallacy that involves attacking the person making an argument rather than the argument itself.

Fallacy

An erroneous argument or reasoning, often misleading or based on unsound logic.

Ad Hominem

A logical fallacy where an argument is rebutted by attacking the character, motive, or other attribute of the person making the argument rather than addressing the substance of the argument itself.

Gambling

Wagering money or something of value on an outcome that is largely determined by chance.