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:

Great Apes

A group of primates that includes humans, chimpanzees, gorillas, and orangutans, characterized by their large brains, lack of tail, and advanced cognitive abilities.

Most Closely Related

Referring to the species, groups, or genes that share the most recent common ancestor in a phylogenetic tree, indicating close evolutionary relationships.

Horizontal Gene Transfer

Horizontal gene transfer is the transfer of genetic material — other than from parent to offspring — to another organism, sometimes a distantly related one, without reproduction. Once this material is added to the recipient’s genome, it can be inherited by descent.

Genome Size

The total amount of DNA contained within one copy of a single complete set of chromosomes of an organism.