How will a recession in the economies of our foreign trading partners affect US AD?

A. no effect on AD
B. AD will increase
C. AD will decrease
D. depends on whether US offers financial aid to these countries

Ans: C. AD will decrease

Economics

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What is monopolistic competition?

a. Many companies selling similar but not identical products. b. A very few companies selling identical products. c. One company sells several different products under different names. d. One company sells the identical product under different names.

Economics

A recession has hit Potentia. Which of the following can stimulate the economy?

A) Lowering of government expenses B) Imposition of new taxes C) Lowering interest rates D) Lowering the supply of money

Economics