A Key Difference Between Recessions and Depressions Is That Recessions

question 126

Multiple Choice

A key difference between recessions and depressions is that recessions are:

• A)longer than depressions.
• B)more severe than depressions.
• C)accompanied by price increases,while depressions are accompanied by price decreases.
• D)shorter and less severe than depressions.
• E)accompanied by price decreases,while depressions are accompanied by price increases.

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Definitions:

Unanimous Decision

An agreement on a course of action or decision by all parties or members involved without any dissent.

Groupthink

A psychological phenomenon that occurs within a group of people when the desire for harmony in a decision-making group overrides a realistic appraisal of alternatives.

Bay Of Pigs

The site of a failed military invasion of Cuba in 1961 by Cuban exiles backed by the U.S. government aiming to overthrow Fidel Castro.

Groupthink

A psychological phenomenon that occurs within a group of people, in which the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.