All Else Equal, a ________ Would Be Mostly Likely to ________

question 255

Multiple Choice

All else equal, a ________ would be mostly likely to ________ demand for vacation travel and ________ demand for Bombardier aircraft.

• A)recession; increase; increase
• B)recession; reduce, reduce
• C)boom; reduce; increase
• D)recession; reduce; increase
• E)expansion; reduce; reduce

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Definitions:

Store Of Value

An asset that can be saved, retrieved, and exchanged at a later time, ideally retaining its value over time.

Unit Of Account

A standard numerical monetary unit of measurement of the market value of goods, services, and other transactions.

Medium Of Exchange

A middleman device or framework that assists in facilitating transactions, including the selling, buying, or swapping of items, among participants.

Money Supply

The overall financial capital available in an economy at a particular moment.