Which of the Following Was Not True for the U

question 134

Multiple Choice

Which of the following was not true for the U.S.economy during the period from the late 1990s to 2000?

• A)Economic expansion set a record for longevity.
• B)The unemployment rate was low.
• C)Millions of new jobs were created.
• D)Real GDP declineD.Real GDP expanded for a record number of months during the 1990s to 2000.

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Definitions:

Intangibles

Intangibles refer to non-physical assets that have value, such as intellectual property, goodwill, and brand recognition.

Proceeds

The amount of money obtained from an event or transaction, such as the sale of goods or property.

Creditors

Creditors are individuals, businesses, or entities that are owed money by debtors, typically arising from the provision of goods, services, or loans.

Repossess Property

The act of a lender taking back an object, typically a vehicle or real estate, from the borrower due to failure to meet the terms of the loan agreement.