The Federal Reserve Bank just issued its economic report on the U.S. economy for the quarter just ended. The following are some of the key points mentioned in the report: "Economic activity has continued to grow at a moderate pace since the last report.""Manufacturers report that business activity has picked up considerably in recent weeks.""Tourism activity has strengthened, no longer held back by harsh weather.""General merchandise retailers report that sales rebounded strongly in April and early May.""Retail contacts generally say that inventories are at satisfactory levels, that prices are mostly steady, and that the degree of discounting is little changed from a year ago."Based on these economic forces, you can conclude
A. that the economy is entering the depression stage of the business cycle.
B. that the economy is in the prosperity stage of the business cycle and consumers' buying power is declining.
C. that the economy is in the recession stage of the business cycle and consumers' buying power is increasing.
D. that the economy is in the recession stage of the business cycle and consumers' buying power is declining.
E. that the economy is in the prosperity stage of the business cycle and consumers' buying power is increasing.
Answer: E
You might also like to view...
Wyatt frequents white supremacist websites and routinely posts messages online about his dislike of non-White individuals in America. He is often insulting and denigrates people of color. Wyatt is engaging in ______.
a. ethnocentrism b. hate speech c. prejudice d. discrimination
With ______, it is important to use the appropriate source to reach qualified candidates.
A. walk-ins B. forecasts C. workflows D. advertising
Answer the following statements true (T) or false (F)
Rigid uniformity has been formulated as an alternative to finite uniformity.
What is the term used to describe the knowledge that is embedded within organisational relationships and routines and which can be a source of competitive advantage:
a. human capital b. social capital c. relational capital d. technological capital