Which of the following is true?
A. A recession is defined as two or more successive quarters in which the economy shrinks instead of grows.
B. A recession is defined as two or more quarters in which unemployment rates are above 7 percent.
C. Unemployment is defined as the total number of workers who are not in the workforce in any given quarter.
D. Inflation is defined as a sudden rise in prices for hot commodities such as gasoline and electronics.
E. All of these choices are true.
Answer: A
You might also like to view...
The State Duma is Russia's:
a. upper house of parliament representing regions. b. upper house of parliament elected by plurality voting. c. lower house of parliament elected by voters to four year terms. d. lower house of parliament appointed by regional governors and legislators.
According to the Focus in Chapter 5, the major cause of
the partition of the Indian subcontinent into India and Pakistan was: A) ethnicity. B) language. C) religion. D) regional identity.