Which of the Following Statements Is True

question 11

Multiple Choice

Which of the following statements is true?

• A)A recession occurs when the expenditure line shifts down the 45-degree line.
• B)A recession occurs whenever potential GDP is less than real GDP at the point of spending balance.
• C)A recession occurs whenever income and expenditures are not equal.
• D)A recession occurs when the expenditure line crosses the 45-degree line at a level of income less than potential GDP.
• E)The expenditure line cannot be used to identify recessions or expansions.

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Definitions:

Time Management

The process of planning and controlling how much time to spend on specific activities, aiming to increase efficiency or productivity.

Operational Plan

A detailed plan outlining the tactics an organization will use to achieve the targets and objectives set in its strategic plan.

Standing Plans

Pre-established procedures and guidelines designed to be implemented repeatedly in situations that occur frequently within an organization.

Single-use Plans

Plans developed to achieve a set of goals that are unlikely to be repeated in the future. They are specific, unique, and not intended for recurring use.