In Order for a Recession to Occur Real GDP Would

question 248

Multiple Choice

In order for a recession to occur real GDP would have to fall for at least _____ business quarter(s) .

• A)one
• B)two
• C)three
• D)four
• E)five

---

Definitions:

Unilateral

A mistake that is the result of an error by one party about a material fact, that is, a fact that is important in the context of the particular contract.

Offeror

An entity or person who puts forth a proposal or bid for a contract, indicating a willingness to enter into an agreement under specified terms.

Consideration

Something of value (such as money, services, or goods) that is exchanged between parties in a contract, making the agreement legally binding.

Offer and Acceptance

Fundamental principles in contract law where an offer proposal is made by one party and accepted by another, resulting in a legally binding agreement.