What Do We Call a Period in Which GDP Declines

question 63

Multiple Choice

What do we call a period in which GDP declines for at least two consecutive quarters?

• A) expansion
• B) recession
• C) depression
• D) trough

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Definitions:

Macromolecules

Large molecules necessary for life, including proteins, nucleic acids, carbohydrates, and lipids.

Synthesize

To produce a substance by the combination of chemical elements, groups, or simpler compounds or by the degradation of complex compounds.

Control Group

In experiments, a group of subjects that does not receive the experimental treatment, serving as a baseline to compare the effects of the treatment.

Experimental Group

The group in an experimental setup that is exposed to the variable or condition being tested, as opposed to the control group.