Economists Define a Recession as a Contraction in the Economy

question 90

True/False

Economists define a recession as a contraction in the economy in at least three out of the last five quarters.

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Definitions:

Special Interest Groups

Organizations comprised of members with common interests that advocate for specific causes or policies, aiming to influence public opinion and governmental decisions.

Government

The governing body of a nation, state, or community, responsible for the direction and administration of public policy and affairs.

Representative

An individual who is elected or chosen to speak, act, or make decisions on behalf of a group.

Manual Labor

Work that requires physical effort as opposed to mental work.