If Our Actions Are Strictly for Our Own Benefit,what Type

question 10

Multiple Choice

If our actions are strictly for our own benefit,what type of result could occur?

• A)Supportive environment
• B)Personal security
• C)Hostile world in the long run
• D)Friendly world in the long run

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Definitions:

Recession

An appreciable fall in economic activities spread throughout the economy, continuing for longer than a few months, typically observed in real GDP, real income, employment, industrial production, and wholesale-retail sales.

Real GDP

Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced in an economy at constant prices.

Business Quarters

Divisions of the fiscal year into four equal parts, typically three months each, used by businesses to report earnings and assess performance.

Demand-Pull Inflation

An economic condition where prices rise because the demand for goods exceeds supply.