Which of the Following Typically Rises During a Recession

question 48

Multiple Choice

Which of the following typically rises during a recession?

• A)garbage collection
• B)unemployment
• C)corporate profits
• D)automobile sales

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Definitions:

Annual Premium

The amount paid annually for an insurance policy, providing coverage over a specified period of time.

Short-rate Refunds

A partial refund of premium on an insurance policy that has been canceled by the policyholder before its expiration, calculated using a method that is less than prorated.

Premium Rate

a higher price or cost than the standard, often for services that are considered to be of better quality or with added features.

Short Rate

The interest rate applied to the shortest duration loans or borrowings, often seen in monetary policy adjustments.