During recessions
a. sales and profits fall.
b. sales and profits rise.
c. sales rise, profits fall.
d. profits fall, sales rise.
a
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The United States' involvement in World War II caused
a. both the aggregate demand curve and aggregate supply curve to shift outward, causing GDP to increase and the price level to decrease b. both the aggregate demand curve and aggregate supply curve to shift inward, causing GDP to increase and the price level to decrease c. the aggregate demand curve to shift inward and the aggregate supply curve to shift outward, causing both GDP and the price level to increase d. the aggregate demand curve to shift outward and the aggregate supply curve to shift inward, causing both GDP and the price level to increase e. aggregate demand to initially shift out, then reverse, leaving the economy at equilibrium
When the price of a good decreases more slowly than an index of average prices decreases, the good's relative price
A. Has risen while its actual price has fallen. B. And its actual price has fallen. C. Has fallen while its actual price has risen. D. And its actual price has risen.