A Time of Declining Economic Activity When Businesses Decrease Production,unemployment

question 179

Multiple Choice

A time of declining economic activity when businesses decrease production,unemployment rises,and many consumers have less money to spend is referred to as

• A)deflation.
• B)inflation.
• C)prosperity.
• D)a recession.
• E)a depression.

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Definitions:

Hasty Generalization

A logical fallacy where a conclusion is reached on the basis of insufficient evidence, generalizing too quickly from too little information.

Composition

The fallacy of inferring that a whole has a property merely because its parts have that property.

Division

A fallacy where one assumes that what is true of a whole must also be true of its parts.

Hindus

Represents individuals who follow Hinduism, one of the world's oldest religions, which is rich in rituals, philosophies, and the worship of numerous gods and goddesses.