<span>A prolonged economic contraction that is not especially long or severe is called recession.
</span><span>When there is a significant decline in activity across the economy and this is lasting longer than a few months then we have recession.
</span><span>Recession is characterized with the following:
</span>drop in the following five economic indicators: real GDP, income, employment, manufacturing and retail sales<span>.</span>
Answer:
Precedent
Explanation:
George Washington was aware of the precedent he was setting with his words and actions as he was inaugurated as the first president of the United States.
Before the states became states they were called colonies. The reason why they were called colonies was because that they were all colonies of Great Britain. They began being called states in July 1776.
The tendency to overestimate the contribution of internal factors to the success of another is part of Self-serving bias perceptual bias.
This is further explained below.
<h3>What is
Self-serving bias?</h3>
Generally, A self-serving bias is the frequent behavior of a person to take credit for happy occurrences or results but to blame other reasons for bad events. This is in contrast to the opposite bias, which is the habit of blaming outside forces for negative events.
In conclusion, Self-serving bias is a kind of perceptual bias that refers to the propensity to exaggerate the influence of internal variables on the success of another individual or group.
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Before 1970 , mutual funds invested almost solely in corporate bonds.
Explanation:
A corporate bond is defined as that bond that a corporation normally issue so that they can raise finance for various reasons related to ongoing operation or so that the business can be expanded.
During 1952 ,6.5 million Americans had common stock. Due to the Great Depression that happened in 1930s and the market crash that happened in 1950 scared people a lot ,thus they kept themselves aside from stock. During 1950 it was a time consuming as well as expensive investment process. During 1950 people had limited investment choice and the concepts related to overseas were not in the scenario.
