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

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Definitions:

Constructive Information

Constructive information refers to knowledge that one is presumed by law to have, often because it is a matter of public record or because one should have discovered it by due diligence.

Specific Performance

A legal remedy requiring a party to perform their part of a contract, rather than paying damages for not fulfilling the contract.

Computer Program

A computer program is a set of instructions that a computer follows to perform specific tasks or operations, written in a programming language.

Indemnification

The act of compensating for loss or damage, often seen in contracts where one party agrees to protect the other against certain future claims or liabilities.