When consumer spending is high, the economy usually is in a(n)
A. depression.
B. growth stage.
C. inflationary period.
D. recession.
B. growth stage.
Economics
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The major contribution of goldsmiths to the development of modern banking was
a. local banking. b. market banking. c. fractional reserve banking. d. gold standard banking.
Economics
If a U.S. shirt maker purchases cotton from Egypt, U.S. net exports
a. increase, and U.S. net capital outflow increases. b. increase, and U.S. net capital outflow decreases. c. decrease, and U.S. net capital outflow increases. d. decrease, and U.S. net capital outflow decreases.
Economics