Recession come at
a. regular intervals. During recessions consumption spending falls relatively more than investment spending.
b. regular intervals. During recessions investment spending falls relatively more than consumption spending.
c. irregular intervals. During recessions consumption spending falls relatively more than investment spending.
d. irregular intervals. During recessions investment spending falls relatively more than consumption spending.
d
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In drawing a production possibilities curve, it is assumed that:
A) technology does not change. B) the economy is fully employed and may not be efficient. C) there are increasing qualities of the factors of production. D) all of the above are true.
According to the simple quantity theory of money, which of the following variables are considered either constant or relatively stable?
A) V and Y B) Y and Ms C) P and Ms D) P and Y