What Is the Term for a Period of Economic Activity

question 128

Multiple Choice

What is the term for a period of economic activity when income,production,and employment tend to fall,reducing overall demand?

• A)stagflation
• B)an inflation
• C)a recession
• D)a depression

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Definitions:

Ascribed

A status or attribute assigned at birth or assumed involuntarily later in life, not based on individual merit or achievement.

Foot-In-The-Door Technique

A compliance method where persuading someone to agree to a small request increases the likelihood of agreement to a larger request later.

Solicitor

A legal professional qualified to offer advice and represent clients in legal matters, primarily in jurisdictions such as the UK, Ireland, and Australia.

Chain-Of-Command

The hierarchy within an organization that establishes who is in charge of whom and of whom permission must be asked.