Which of the Following Is True of a Recession

question 150

Multiple Choice

Which of the following is true of a recession?

• A)It is typically accompanied by inflation and investment growth.
• B)It lasts for more than two years on an average.
• C)It is typically longer than periods of expansion.
• D)It begins after an expansion has peaked.
• E)It continues as long as actual output exceeds the potential output.

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Definitions:

Market Price

The current price at which a good or service can be bought or sold in a given market.

ITQs

Individual Transferable Quotas, a fishery management tool that allocates a certain amount of a fish stock or species to individuals or companies.

Sockeye Salmon

A species of salmon found in the Pacific Ocean that is known for its bright red flesh and is a popular choice for seafood lovers.

Market Price

The current value at which a good or service can be bought or sold in a marketplace.