When household debt as a share of income is abnormally high,
a. rapid growth of consumption is likely to lead the recovery.
b. the growth prospects of the economy will be excellent because high household debt is the key to a strong economy.
c. the growth of consumption is likely to remain sluggish even as the economy begins to recover.
d. consumers will be in a strong position to deal with irregular expenses.
C
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Suppose that there are 50 firms in a monopolistically competitive industry in country A and 50 firms in the same monopolistically competitive industry in country B. If country A and country B engage in international trade, we expect that the total number of firms in this industry:
a. will increase. b. will decrease. c. will remain unchanged. d. will first decrease, then increase.
Adults who were waiting to be recalled to a job from which they had been laid off are included in the Bureau of Labor Statistics' "employed" category
a. True b. False Indicate whether the statement is true or false