A Recession May Be Defined as

question 244

Multiple Choice

A recession may be defined as

• A) a period during which the rate of growth of business activity is consistently less than its long-term trend.
• B) an increase in real economic output from one period to the next.
• C) no change in real economic output over a period of time.
• D) no change in the dollar (money) value of economic output over a period of time.

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Definitions:

Microscopic Plates

Tiny, often mineralized structures observable under a microscope, which can be part of the skeletal system of some organisms.

Holothuroidea

A class of marine invertebrates within the phylum Echinodermata, commonly known as sea cucumbers.

Endoskeleton

An internal support structure of an organism, typical of vertebrates, providing physical support and protection for the body.

Urochordates

A subphylum of chordates; includes the tunicates.