The NBER Describes a Recession as

question 176

Multiple Choice

The NBER describes a recession as

• A)"a period of significant decline in total output,income,employment,and trade,usually lasting from six months to a year."
• B)"a decrease in real GDP for two successive quarters."
• C)"a decrease in potential GDP for at least six months."
• D)"a decrease in the standard of living for at least one year."
• E)"a one year period with increases in the unemployment rate."

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Definitions:

pH Scale

A scale used to specify the acidity or basicity of an aqueous solution, ranging from 0 to 14.

Hydrochloric Acid

A strong, corrosive acid that is a component of gastric juice in the stomach, aiding in digestion and sterilizing ingested food.

Acidic

Having a pH less than 7, typically described for solutions that have a higher concentration of hydrogen ions.

Given Element

A chemical element specified or identified in a particular context or situation.