Which of the Following Is the Most Likely Cause of a Recession

question 38

Multiple Choice

Which of the following is the most likely cause of a recession according to classical and new classical models?

• A)government policy.
• B)unstable expectations.
• C)a fall in expected profits.
• D)an anticipated change in the money supply.
• E)none of the above.

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Definitions:

Legal Guardianship

The legal authority granted to an individual to make decisions for and take care of another person, typically a minor or someone unable to manage their own affairs.

Voidable

Voidable refers to a legal status denoting that an agreement or transaction can be affirmed or rejected at the discretion of one of the parties involved.

Ratification

The act of officially approving or confirming an action, agreement, or decision, often after the fact, to make it valid and binding.

Depreciation

The reduction in the value of an asset over time, particularly due to wear and tear.