When the GDP has declined for two or more consecutive quarters, this economic time is known as a(n) __________
a. depression
b. recession
c. inflation
d. misery index
ANS: B
Political Science
You might also like to view...
The phrase "promote the general welfare" means that the American government should __________
a. be concerned with its citizens' well-being b. create a free market c. provide social security d. regulate all aspects of daily life
Political Science
When it comes to strengthening the economy, Republicans are more likely than Democrats to prioritize __________
a. fighting inflation b. fighting unemployment c. increasing taxes d. increasing spending
Political Science