Mainstream Economists Say That Recessions Are Unlikely to Occur Today

question 140

True/False

Mainstream economists say that recessions are unlikely to occur today because prices and wages are highly flexible downward.

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Definitions:

Decibels

A unit of measurement for the intensity of sound, representing the ratio between two quantities and often used to describe noise levels.

Air Pressure Waves

Variations in the pressure of air that are primarily responsible for the propagation of sound.

Neural Messages

Electrical and chemical signals transmitted by neurons to communicate information throughout the body and brain.

Audition

The sense of hearing; the perception of sound by the ear.