p means 'share prices will go up'
q means 'interest rates will go up'
r means 'there will be a recession'.
Therefore, p (q r) means
'Share prices will go up; and, if interest rates go up, then there will be a recession',
which has the same meaning as the original sentence.
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Correct Answer.
(q 
r) means
'Share prices will go up; and, if interest rates go up, then there will be a recession',
which has the same meaning as the original sentence.