A recession often begins with a(n) ________ in spending by firms on capital goods and a(n) ________ in spending on durable goods by households
A) increase; decrease
B) increase; increase
C) decrease; increase
D) decrease; decrease
Answer: D
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Use the following table to answer the question below.Alexandra's Production Possibilities ScheduleNatalia's Production Possibilities ScheduleNumber of Scarfs Knitted per dayNumber of Sweaters Knitted per dayNumber of Scarfs Knitted per hourNumber of Sweaters Knitted per hour040433236242916112080If they are given 3 days to work how many sweaters could Natalia make if she spent the whole time knitting scarves?
A. 4 B. 16 C. 12 D. 24
Intel is the world's largest semiconductor manufacturer and a major supplier of the microprocessors and memory chips found in most personal computers
During the recession of 2007-2009, Intel's revenues ________ and it ________ the size of its workforce. A) fell; decreased B) fell; increased C) rose; decreased D) rose; increased
Economists believed that the U.S. economy had a (n) ____ in 2006 and 2007.
A. mild recession B. small recessionary gap C. small inflationary gap D. deflationary gap
Jobs lost to outsourcing can be partially offset by jobs gained from:
A. higher production costs. B. higher opportunity costs. C. greater trade imbalances. D. increased output from another industry.