The Automatic Mechanism ________ the Price Level in the Case

question 181

Multiple Choice

The automatic mechanism ________ the price level in the case of ________ and ________ the price level in the case of ________.

• A)raises; recession; lowers; expansion
• B)lowers; expansion; lowers; recession
• C)raises; expansion; raises; recession
• D)lowers; recession; raises; expansion
• E)lowers; expansion; lower; recession

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Definitions:

Assessment Value

The dollar value assigned to a property for purposes of measuring applicable taxes or insurance premiums.

Investment Company

A business structure, such as a corporation or trust, dedicated to managing the combined investments of various investors in financial markets.

Front-end Loads

Charges or fees that are paid by investors at the time of purchasing shares of a mutual fund or an investment trust.

Low-load Mutual Funds

Mutual funds that charge a lower sales load (commission) compared to typical sales charges, making them more cost-effective for investors.