(Consider This) During the Great Recession of 2007-2009:
A. real interest rates and investment spending both declined.
B. real interest rates and investment spending both increased.
C. real interest rates increased, choking off investment spending.
D. real interest rates decreased, but expected returns from investment remained unchanged.
A. real interest rates and investment spending both declined.
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For automobile demand in the U.S., the income response tends to be larger in the:
A. The income response is the same in the long run and the short run. B. long run. C. We do not have enough information to answer this question. D.short run.
The percent of receipts from sales taxes and property taxes for state and local governments are ________ and ________ respectively.
Fill in the blank(s) with the appropriate word(s)