A Recession May Be Defined as

question 244

Multiple Choice

A recession may be defined as

• A) a period during which the rate of growth of business activity is consistently less than its long-term trend.
• B) an increase in real economic output from one period to the next.
• C) no change in real economic output over a period of time.
• D) no change in the dollar (money) value of economic output over a period of time.

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Definitions:

Automobiles

Self-propelled vehicles designed for transportation of people or goods on roads.

Cosmetics Companies

Businesses that manufacture and sell beauty and personal care products intended to enhance or alter appearances.

High Quality

Describes products or services that meet or exceed predetermined standards of excellence.