Which of the Following Statements About Recessions Is True

question 45

Multiple Choice

Which of the following statements about recessions is true?

• A)An old rule of thumb defining recession is two consecutive quarters of falling nominal GDP.
• B)Recessions occur at regular intervals and last standard amounts of time.
• C)There is no ironclad rule for the declaration of recessions.
• D)Recessions are associated with low unemployment and high income.

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Definitions:

Improve Operations

Strategies or actions undertaken to enhance the efficiency, effectiveness, and quality of business operations.

Operations Decisions

The strategic decisions of OM are goods and service design, quality, process and capacity design, location selection, layout design, human resources and job design, supply chain management, inventory, scheduling, and maintenance.

Goods and Services

Products and activities that fulfill the needs or wants of consumers, with goods being tangible items and services being intangible offerings.

Operations Strategies

Plans and policies designed to achieve the efficient and effective production and distribution of a company's products or services.