In Many Countries, Economists Adopt the Rule That a Recession

question 124

Multiple Choice

In many countries, economists adopt the rule that a recession is a period of at least _____ during which aggregate output falls.

• A) one quarter
• B) two consecutive quarters
• C) three consecutive quarters
• D) a full year

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Definitions:

Temperament

The aspect of an individual's personality that is believed to be biologically based and relatively stable throughout life, influencing behaviors and ways of reacting to the environment.

Perceptual Information

Information processed by the brain that comes from one's senses, influencing perception of the environment.

Inhibited

A psychological or behavioral state where a person is restrained in their actions or reactions.

Temperament

An individual's inherent personality traits, particularly those relating to their emotional responses and intensity.