Which of the Following Is Correct Concerning Recessions

question 353

Multiple Choice

Which of the following is correct concerning recessions?

• A)They come at fairly regular and predictable intervals.
• B)They are associated with comparatively large declines in investment spending.
• C)They are any period when real GDP growth is less than average.
• D)They tend to be associated with falling unemployment rates.

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Definitions:

Americanization

The process through which American culture, values, and practices are adopted by other countries or individuals.

Mass Consumption

The large-scale purchasing and use of goods and services by a significant portion of a population.

Escapism

The practice of seeking distraction and relief from unpleasant realities, especially by engaging in entertainment or fantasy.

World System Theory

A multidisciplinary, macro-scale approach to world history and social change that suggests there is a world economic system in which some countries benefit while others are exploited.