Economists Usually Use the Term "Recession" to Refer to

question 177

Multiple Choice

Economists usually use the term "recession" to refer to

• A)any slowdown in the growth of real GDP.
• B)zero real GDP growth.
• C)two or more consecutive quarters of declining real GDP.
• D)a reduction in nominal GDP lasting more than six months.

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Definitions:

Attitude Formation

The process by which individuals develop their viewpoints and feelings towards objects, people, or events.

Direct Contact

Interaction that involves physical touch or the immediate proximity between individuals, allowing for the transfer of substances or communication.

Direct Instruction

A teacher-centered education approach focused on structured, systematic instruction with clear objectives and outcomes.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired: a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.