A significant decline in real GDP is called a

a. recession.
b. depression.
c. peak.
d. trough.

a. recession.

Economics

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______ disperse power by giving constitutional courts the authority to invalidate acts of government.

A. Legislative supremacy constitutions B. Higher law constitutions C. Symmetric constitutions D. Asymmetric constitutions

Economics

While a firm in long-run equilibrium will make zero economic profits, it is still possible for the firm to make ______________ profits.

Fill in the blank(s) with the appropriate word(s).

Economics