A Recession Often Begins with A(n)________ in Spending by Firms

question 117

Multiple Choice

A recession often begins with a(n) ________ in spending by firms on capital goods and a(n) ________ in spending on durable goods by households.

• A)increase; decrease
• B)increase; increase
• C)decrease; increase
• D)decrease; decrease

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Definitions:

Tenant-Days

A measure used in the hospitality or rental industry, representing the total number of days for which a property was rented out by tenants.

Planning Budget

A budget prepared for a planned level of activity, often for the purpose of setting goals or objectives for revenue and expenses over a period of time.

Wages And Salaries

Payments made to employees for their labor, either on an hourly (wages) or periodic basis (salaries).

Planning Budget

A financial plan that estimates future income, expenses, and resources over a specific period, often used for guiding business decisions.