Which of the following will happen if consumption in an economy falls?
A) Firms' revenue fall. B) Labor supply falls.
C) Mortgage defaults fall. D) Asset prices rise.
A
Economics
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In February of 2015, there were 157 million people in the labor force, 8.6 million of whom were unemployed. The unemployment rate in February 2015 was:
A. 5.8%. B. 6.4%. C. 8.6%. D. 5.5%.
Economics
If the supply of a good is inelastic, _____.
(A) Producers have diminishing marginal returns of labor. (B) A small increase in price will lead producers to sharply increase their quantity supplied. (C) Producers will increase their quantity supplied in response to sharp drops in the market price. (D) Producers will not change their quantity supplied by much even if the market price doubles.
Economics