Which of the Following Statements Is True

question 147

Multiple Choice

Which of the following statements is true?

• A)The economy returns to normal when a recession ends.
• B)When a recession ends, most people feel the effects of an improving economy.
• C)The most recent economic expansion lasted about 26 years.
• D)A recession is not over until the unemployment rate begins to fall.
• E)The most recent recession officially started in December 2007.

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Definitions:

Patent Act

Legislation governing the granting of patents for inventions and the rights of patent holders.

Monopoly

The control of a particular market or trade by a single entity, eliminating competition.

Patent Holder

An individual or entity in possession of the rights granted by a patent, typically the inventor or their assignee.

Independent Right

A right or privilege that exists on its own and does not depend on another condition or obligation being met.