During the Most Recent Three Quarters, Real GDP Went from $200

question 121

Multiple Choice

During the most recent three quarters, real GDP went from $200 to $180 to $180. Economists describe this as a(n)

• A) contraction.
• B) expansion.
• C) depression.
• D) recession.
• E) deflation.

---

Definitions:

Potassium Ions

Essential electrolytes in the body that help regulate fluid balance, nerve signals, and muscle contractions.

Fluid Interior

Refers to a substance or space inside an object or organism that is filled with fluid or capable of flowing.

Resting Axon

The state of a nerve cell's axon when it is not transmitting an electrical signal, characterized by its resting membrane potential.

Myelin Sheaths

Protective coverings around nerve fibers in the central and peripheral nervous systems, speeding up the transmission of electrical signals.