Examlex
Which of the following is true of Lewis Terman's study of intelligence, intelligence testing, and creativity?
Economic Recession
A significant decline in economic activity across the economy, lasting for several months or longer, often visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.
Low-Priced Retailers
Retail businesses that focus on offering goods to consumers at low prices, typically by reducing overhead costs or operating on thin profit margins.
Economic Contraction
Economic contraction is a period of economic decline marked by falling GDP, decreased spending, and increased unemployment.
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