An Economy Is Said to Be in a Recession If

question 320

True/False

An economy is said to be in a recession if GDP declines for two or more consecutive quarters.
Level of Learning 1: Knowledge of key terms

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Definitions:

Air Dryer Purge Valve

A component within an air dryer system that releases air and moisture from the system to prevent water build-up and maintain effective operation.

OOS Criteria

Stands for "Out-of-Service Criteria," which are standards used to determine when a vehicle or driver is not deemed safe for operation.

CVSA

Commercial Vehicle Safety Alliance, an organization aiming to improve commercial vehicle safety and inspection standards across North America.

Highway Trucks

Trucks specifically designed for long-distance freight transport over roads, usually offering higher comfort and efficiency for such journeys.