Refer to Figure 10-3. Which of the following is consistent with the graph depicted above?
A) The government runs a budget deficit.
B) An expected recession decreases the profitability of new investment.
C) Taxes are changed so that real interest income is taxed rather than nominal interest income.
D) Technological change increases the profitability of new investment.
C
Economics
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What is a recession?
(A) A very mild and short expansion. (B) A period when the economy is neither expanding nor contracting. (C) A period when real GDP falls for at least six months. (D) A long and severe depression.
Economics
Refer to Table 19-27. What is the level of personal income for this economy?
A) $1,140 billion B) $1,010 billion C) $990 billion D) $860 billion
Economics