An Economy Is Said to Be in a Recession If

question 89

True/False

An economy is said to be in a recession if GDP declines for two or more consecutive quarters.

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Definitions:

Assigning Causes

The process of attributing reasons or explanations to events, actions, or outcomes, often to understand or predict behavior.

Cognitive Dissonance

A state of mental discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time.

Self-Handicapping Strategy

A cognitive strategy where individuals create obstacles or excuses to avoid self-blame in case of failure.

Tested

The past participle of test, meaning examined, evaluated, or investigated to assess quality, performance, or reliability.