If All Firms Expect Greater Demand for Their Products or Services

question 75

Multiple Choice

If all firms expect greater demand for their products or services, they will hire more resources.What will the economy experience in this case?  

• A) recession 
• B) growth 
• C) federal budget deficits 
• D) stagnation

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Definitions:

Precipitation

Any form of water, liquid or solid, that falls from the atmosphere and reaches the ground, including rain, snow, sleet, and hail.

Glucose

A simple sugar and an important energy source in living organisms, also one of the main products of photosynthesis.

Bacterium's Resource

Bacterium's Resource refers to the nutrients and environmental conditions that support the growth and survival of bacteria.

Niche

The totality of an organism’s adaptations, its use of resources, and the lifestyle to which it is fitted in its community; how an organism uses materials in its environment as well as how it interacts with other organisms; also called ecological niche. See fundamental niche and realized niche.