During the Recession of 2007-2009 in the United States,________ Relative

question 170

Multiple Choice

During the recession of 2007-2009 in the United States,________ relative to potential GDP.

• A)business fixed investment spending rose and net export spending declined
• B)consumption spending rose and residential construction spending declined
• C)federal government purchases rose and changes in business inventories declined
• D)net export spending rose and consumption spending declined

---

Definitions:

Remedies

Legal means for enforcing a right or redressing a wrong, including monetary damages and specific performance.

Parol Evidence Rule

A legal principle that prevents parties in a contract dispute from presenting evidence of prior or concurrent oral agreements that would contradict the written terms of the contract.

Rent

The payment made by a tenant to a landlord for the use of a property, room, or apartment for a designated period.

Profits

The financial gain derived from a business activity after deducting expenses.