The use of goods and services for personal satisfaction is known as

A) the law of increasing relative cost.
B) specialization.
C) comparative advantage.
D) consumption.

D

Economics

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An annually balanced federal budget ________ macro- stabilization policy by requiring ________ fiscal policy during recessions

A) inhibits, tighter B) inhibits, easier C) assists, tighter D) assists, easier

Economics

The type of unemployment that occurs because of a recession is called

a. frictional unemployment. b. seasonal unemployment. c. natural unemployment. d. cyclical unemployment.

Economics