There Have Been ________ Recessions Since the End of WWII

question 57

Multiple Choice

There have been ________ recessions since the end of WWII.

• A)seven
• B)nine
• C)ten
• D)eleven
• E)thirteen

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Definitions:

Price Of Output

The selling price of goods or services produced by a company.

Long-Run Equilibrium

A state in economics where all factors of production and costs are variable, leading to a situation where firms are earning normal profits and no new firms enter or exit the industry.

Plaster

A building material used for coating, protecting, and decorating walls and ceilings, made from lime, sand, and water.

Labor

The involvement of human physical exertion and cognitive efforts in the manufacture of goods and services.