The Decline in Consumer Spending During the 2007-2009 Recession Was

question 122

Multiple Choice

The decline in consumer spending during the 2007-2009 recession was due in part to a decrease in disposable income. The decline in consumption resulting from the decline in disposable income caused a ________ the aggregate expenditure curve.

• A) movement up along
• B) movement down along
• C) downward shift of
• D) upward shift of

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Definitions:

Underage Drinking

The consumption of alcoholic beverages by individuals below the legal age set by law.

Body Piercing

The practice of puncturing or cutting a part of the human body, creating an opening in which jewelry may be worn.

Conflict Theories

A sociological perspective that views human society as an arena of inequality that generates conflict and social change.

Functionalist Theories

Sociological perspectives that interpret society as a structure with interrelated parts designed to meet the biological and social needs of individuals who make up that society.