A Standard Definition of Recession Is

question 45

Multiple Choice

A standard definition of recession is

• A) a period of time when the unemployment rate exceeds 6.5 per cent.
• B) an increase in unemployment from one month to the next.
• C) a period of expansion in many sectors of the economy.
• D) an increase in GDP that lasts for at least 2 consecutive quarters.
• E) a decrease in GDP that lasts for at least 2 consecutive quarters.

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Definitions:

Freud

Sigmund Freud, an Austrian neurologist who founded the discipline of psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Freudian Slips

Unintentional errors in speech or action that are believed to reveal subconscious thoughts or desires, according to Sigmund Freud's psychoanalytic theory.

Unconscious Associations

Mental connections between ideas, feelings, or memories not readily accessible to conscious awareness but influencing thoughts and behaviors.

Freud

Sigmund Freud, an Austrian neurologist, established psychoanalysis as a method of treating mental disorders through conversations between a patient and a psychoanalyst.