How Is Recession Defined by the National Bureau of Economic

question 59

Multiple Choice

How is recession defined by the National Bureau of Economic Research [NBER]?

• A)Two consecutive quarters of declining GDP
• B)A significant decline in total output, income, employment, and trade for six months to one year
• C)A dramatic decline in unemployment for less than six months
• D)A sharp increase in money supply and the market rate of interest
• E)A significant decline in stock prices over three consecutive quarters of a business year

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Definitions:

Right Hand

The hand on the right side of the human body, often dominant in right-handed individuals.

Transverse Perineal Muscle

A muscle located in the perineum that acts to stabilize the central tendon of the perineum.

Adductor Brevis

A muscle in the thigh responsible for pulling the legs together and aiding in hip flexion.

Gracilis

A slender muscle in the inner thigh that is involved in the adduction of the thigh and flexion of the leg at the knee.