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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Definitions:

Turbulent 1960s

A period marked by major social and political upheaval in the United States and globally, including civil rights movements, anti-war protests, and significant cultural shifts.

Proportional Representation

An electoral system in which parties gain seats in proportion to the number of votes cast for them.

Divided Representation

The condition in which different political parties control different branches of government or different chambers of a legislative body, leading to a division in policy-making authority.

Australian Ballots

Australian ballots are secret ballots that are prepared and distributed by the government and marked in private by voters, used to ensure the confidentiality of the vote.