If the economy is entering a recession, what should the Fed do as far as changing interest rates, and how should this affect consumer and business spending?
What will be an ideal response?
If the economy is entering a recession, the Fed should lower interest rates in an attempt to increase consumer and business spending.
Economics
You might also like to view...
What is the meaning of the phrase ceteris paribus to an economist?
(A) The way that economists consider the changes in demand for a good. (B) A projection about the change in availability of a good. (C) An assumption that nothing but the price of an item will change. (D) A conjecture about the changes in consumer behavior.
Economics
The situation of oligopoly suggests
A) many firms compete in an industry. B) mergers have not occurred. C) interdependence among firms. D) no barriers to entry exist.
Economics