The Standard Definition of "Recession" Is

question 5

Multiple Choice

The standard definition of "recession" is

• A) a period of a positive frictional unemployment rate.
• B) two consecutive quarters of falling Real GDP.
• C) the lowest point in a business cycle.
• D) a period of negative inflation.

---

Definitions:

Composite

In geology, composite refers to rocks or materials made up of various distinct components or layers, often seen in volcanic activity.

Shield

A large, flat area of ancient, hard rock on the Earth's surface, often found in continental interiors and known for its geological stability.

Viscous Magma

Magma that does not flow easily.

Abundant Silica

The presence of a high concentration of silicon dioxide in rocks or magma, which affects their viscosity and melting point.