Which of the Following Is Likely to Occur During Economic

question 69

Multiple Choice

Which of the following is likely to occur during economic downturns?

• A) People tend to spend more on luxury goods
• B) Consumption of necessary goods decline
• C) Long term credit is available at concessional rates of interest
• D) The purchasing power of the people declines
• E) The level of investment in the economy rises

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Formally approved or confirmed, often in the context of contracts or agreements to signify official validation.

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Data or knowledge communicated or received concerning a particular fact or circumstance.

Principal

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Specific Authority

Power or permission given to an agent for specific tasks or transactions on behalf of the principal.