The ________ nature of consumer durables expenditures ________ a significant drop in the personal-saving-and-consumer-durables-expenditure ratio in a recession
A) procyclical, helps produce
B) procyclical, prevents
C) countercyclical, helps produce
D) countercyclical, prevents
A
You might also like to view...
Suppose a firm uses workers and office space to produce output. The firm is locked into a year-long lease on its office space, but it can easily vary the number of employee-hours it uses each day. The table below describes the relationship between the number of employee-hours the firm uses each day and the firm's daily output. Each unit of output sells for $2, the hourly wage rate is $14, and the rent on the office space is $50 per day.Employee-HoursPer DayOutputPer Day0014048091201516023200When the firm uses 9 employee-hours, its total cost each day is:
A. $126 B. $56 C. $176 D. $64
Economic growth can be depicted as
A) an outward shift on the production possibilities curve. B) a movement up on the production possibilities curve. C) a movement down on the production possibilities curve. D) an inward shift on the production possibilities curve.
If there is an increase in demand for a good, what will most likely happen to the price and quantity of the good exchanged? Price Quantity
A. No change No change B. Increase Increase C. Increase Decrease D. Decrease Increase E. Decrease
Fiscal policy works mainly by shifting the ______ curve.
A. aggregate demand B. aggregate supply C. supply D. government supply