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:

Business Environments

The combination of internal and external factors that influence a company's operating situation.

Offices

Designated workspaces within a building where administrative or professional activities are conducted.

Presence Technology

A type of software or system that allows people to locate and identify a computing device user's current status and location, often used in instant messaging applications.

Cloud Computing

The delivery of computing services—such as servers, storage, databases, networking, software—over the internet ("the cloud") to offer faster innovation, flexible resources, and economies of scale.