the transaction demand for money increases if...
What will be an ideal response?
nominal GDP increases
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The term “recession” refers to a
a. period of decline in real GDP over two consecutive quarters. b. fall in the general level of real wages over two consecutive quarters. c. fall in the CPI over two consecutive quarters. d. fall in the rate of increase of real per capita GDP.
The concept that market forces in the macroeconomy can remedy a recession is referred to as:
Keynesianism: the use of expansive fiscal and monetary policies to resolve a recession. The self-correcting mechanism The consumption function The paradox of thrift
An example of a generally recession-resistant business is
A. health care. B. automobiles. C. boats. D. consumer electronics.
The Celler-Kefauver Act of 1950:
A. established the FTC. B. closed down a loophole in the Clayton Act by outlawing mergers through the purchase of another firm's physical assets. C. closed down a loophole in the Sherman Act by outlawing mergers through the purchase of another firm's physical assets. D. banned tying contracts.