During a(n) ________ many firms experience reduced profits, which reduces ________ and investment spending
A) recession; government spending B) recession; cash flow
C) expansion; cash flow D) expansion; business confidence
B
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In the circular flow model, the factors of production flow in the
A) opposite direction as does the goods market. B) opposite direction as does the government. C) same direction as do the rents, wages, interest, and profits. D) opposite direction as do the rents, wages, interest, and profits. E) same direction as does the goods market.
What are "cash-out refinancings"?
What will be an ideal response?
In markets, prices move toward equilibrium because of
a. the actions of buyers and sellers. b. government regulations placed on market participants. c. increased competition among sellers. d. buyers' ability to affect market outcomes.
The difference between the highest amount a buyer would be willing to pay for a good and the amount she actually pays for it is
A) producers' surplus. B) consumers' surplus. C) marginal revenue. D) marginal utility.