During the recession of 2007-2009 in the United States, ________ relative to potential GDP
A) business fixed investment spending rose and net export spending declined
B) consumption spending rose and residential construction spending declined
C) federal government purchases rose and changes in business inventories declined
D) net export spending rose and consumption spending declined
Answer: D
You might also like to view...
High opportunity costs go hand in hand with high money costs in a properly functioning economy.
Answer the following statement true (T) or false (F)
If a country has a comparative advantage in producing a product, it may or may not have an absolute advantage in producing that product
Indicate whether the statement is true or false
In the expectations-augmented Phillips curve, ? = ?e - 3(u - 0.05). The natural unemployment rate is
A. 0.02. B. 0.03. C. 0.06. D. 0.18.
Brand loyalty usually makes the demand curve for a product
A. Unitary elastic. B. Less price-elastic. C. More price-elastic. D. More income-elastic.