During a Recessionary Period, Which of the Following Economic Behavior

question 205

Multiple Choice

During a recessionary period, which of the following economic behavior would be expected?

• A) Consumer would switch from premium brands to lower-priced ones.
• B) Consumer use of credit would increase.
• C) Taxes would increase nationally.
• D) Property values would jump dramatically.
• E) Consumers would use the majority of their discretionary income on groceries.

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Definitions:

Unique Pattern

A distinctive or particular model, sequence, or form that sets something apart from others.

Dominant Values

Are the main or most widely accepted values, norms, or ethical standards in a society or organization.

Pattern of Values

The regular or predictable behaviors, attitudes, and beliefs that a group or individual holds.

Larger Organization

A term referring to companies or entities that have a vast scale of operations, numerous employees, and a wide span of control.