Which of the Following Rises During Recessions

question 20

Multiple Choice

Which of the following rises during recessions?

• A)layoffs and consumer spending
• B)layoffs but not consumer spending
• C)consumer spending but not layoffs
• D)neither layoffs nor consumer spending

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Definitions:

Estimated

Refers to the approximation or guesswork made to find out a value that is not precisely known.

Nonlinear

Refers to equations, models, or relationships in mathematics and science that do not form a straight line when graphed.

Degrees of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution.

Significance

A measure of how likely it is that an obtained result could have occurred by chance.