Which of the Following Statements About Recessions Is True

question 45

Multiple Choice

Which of the following statements about recessions is true?

• A)An old rule of thumb defining recession is two consecutive quarters of falling nominal GDP.
• B)Recessions occur at regular intervals and last standard amounts of time.
• C)There is no ironclad rule for the declaration of recessions.
• D)Recessions are associated with low unemployment and high income.

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Definitions:

Conceptual Art

An American avant-garde art movement of the 1960s whose premise was that the “artfulness” of art lay in the artist’s idea rather than its final expression.

Judy Chicago

Judy Chicago is an American feminist artist, art educator, and writer known for her large-scale, collaborative art installation pieces that examine women's roles and experiences.

The Dinner Party

An installation artwork by American artist Judy Chicago, showcasing a large triangular table with place settings for 39 significant women in history.

Found Objects

Everyday objects found by artists and repurposed in art, often transcending their original mundane uses to acquire new meanings and aesthetics.