Which of the following definitions of "recession" corresponds to the way economists use this term?

A recession is a period in which unemployment is high.
A recession is like a depression, but not as severe.
A recession occurs when economic activity is falling.
All of the above.


On becoming president in 1933, one of the first acts of Franklin Roosevelt was to:

close all the banks in a "banking holiday."
require that all workers be paid weekly.
begin the food stamp program.
guarantee women the same rights to work that men had.


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