-Based on the Figure Above, in Which Quarter or Quarters

question 145

Multiple Choice

-Based on the figure above, in which quarter or quarters did a recession occur?

• A)between 2004, 2nd quarter to 2005, 2nd quarter and also between 2006, 2nd quarter to the end of the figure
• B)in 2005, 2nd quarter
• C)between 2005, 2nd quarter to 2006, 2nd quarter
• D)between 2006, 1st quarter to 2006, 2nd quarter
• E)after 2005, 2nd quarter

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Definitions:

Winter 1989-90

A specific time period referring to the winter months of December 1989, January 1990, and February 1990, often notable for its weather or events occurring then.

Stagflation

A period of either recession or stagnation accompanied by inflation.

Recessions

Times of short-term economic downturn characterized by decreased commerce and industrial production, typically recognized by a drop in Gross Domestic Product (GDP) for two consecutive quarters.

1920s

A period of ten years marked by significant economic growth and a vibrant cultural scene in the United States, commonly known as the "Roaring Twenties."