The Average U.S.recession (After World War II)has Lasted

question 34

Multiple Choice

The average U.S.recession (after World War II) has lasted

• A)a few months
• B)about half a year
• C)just under a year
• D)about three weeks
• E)about two years

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Definitions:

World Price

The price at which goods are traded on the global market.

Supply Curves

Graphical representations showing the relationship between the price of a good and the quantity of that good that suppliers are willing to sell.

Demand Curves

A graphical representation that shows the relationship between the price of a good and the quantity demanded by consumers.

World Price

The worldwide market price of a good or service, affected by the balance of global demand and supply.