Many Economists Today Agree That Many of the Recessions of the Twentieth

question 51

Multiple Choice

Many economists today agree that many of the recessions of the twentieth century can be traced to

• A) significant reductions in the rate of growth of the money supply.
• B) consumers' efforts to save more money than their incomes would allow.
• C) faulty investments by both firms and consumers.
• D) falling interest rates.
• E) increases in aggregate demand and supply.

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Definitions:

Equilibrium

A state in which opposing forces or influences are balanced, often used in the context of chemical reactions or physical processes reaching a state of balance.

Equilibrium Constant

A numerical value that represents the ratio of the concentrations of products to reactants at equilibrium in a chemical reaction.

Products

Substances that are formed as the result of a chemical reaction, located on the right side of a chemical equation.