As a General Rule, a Recession Occurs When There Is

question 64

Multiple Choice

As a general rule, a recession occurs when there is a six consecutive month fall in:

• A) nominal GDP.
• B) real GDP.
• C) the price level.
• D) the trade balance.

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Definitions:

Alkaline

Having a pH greater than 7, which is opposite of acidic, and is characterized by the presence of a higher concentration of OH- ions than H+ ions in a solution.

Buffer

A solution or substance that minimizes changes in pH by absorbing or releasing hydrogen ions.

Acidic

Describes substances with a pH less than 7, characterized by a higher concentration of hydrogen ions.

Neutralize

To render something harmless by applying an opposite force or effect, such as neutralizing an acid with a base.