An Economic Recession Is Best Defined as a Period of Decline

question 61

Multiple Choice

An economic recession is best defined as a period of decline in economic activity by a period of

• A)two consecutive quarters of negative GDP growth.
• B)four consecutive quarters of negative employment growth.
• C)three consecutive quarters of rising consumer prices.
• D)any single quarter involving combined negative GDP and employment growth with rising consumer prices.

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Definitions:

Sexual Gratification

The feeling of pleasure or satisfaction resulting from sexual activities or thoughts.

Functionalism

A theoretical perspective in sociology and anthropology that interprets society as a structure with interrelated parts designed to meet the biological and social needs of individuals in that society.

Great Depression

A severe worldwide economic downturn that took place mostly during the 1930s, beginning in the United States.

Functionalism

A theoretical framework in the social sciences which posits that every aspect of society serves a function and is necessary for the survival of the society.