Which of the Following Is NOT a Reason Why Booms

question 33

Multiple Choice

Which of the following is NOT a reason why booms and recessions come to an end?

• A) there is a basic minimum level of consumption
• B) the bandwagon effect
• C) governments may change their taxation policy
• D) the echo effect

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Definitions:

Government

The body or system through which a community, state, or nation is governed, providing order, security, and services to its population.

Market Price

The current price at which an asset or service can be bought or sold in a given market.

Rent Controls

Government-imposed limits on the amount landlords can charge for renting out their property, typically aimed at making housing more affordable.

Rental Units

Rental units refer to properties available for rent, including apartments, houses, and commercial spaces, which provide housing or operational space for tenants.