If Real GDP Declines for at Least One-Half Year, the Economy

question 83

Multiple Choice

If real GDP declines for at least one-half year, the economy is experiencing a:

• A) depression.
• B) decline.
• C) recession.
• D) growth recession.
• E) deflation.

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Definitions:

Dual-Coding Hypothesis

The assertion that long-term memory can code information in two distinct ways, verbally and visually, and that items coded both ways (e.g., pictures and concrete words) are more easily recalled than items coded in only one way (e.g., abstract words).

Remember

The cognitive process of recalling information or experiences from the past.

Word Pairs

A method used in memory studies, where two words are presented together as a pair to be remembered by the participant.

Mirror Image Reversal

The phenomenon where an image or object is reversed from left to right, as seen in a mirror reflection.