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:

Indirectly Own Stock

Holding shares in a company through indirect means, such as owning a mutual fund or an exchange-traded fund that in turn owns the stock.

Ultra Vires Doctrine

A legal principle that acts of a corporation must fall within the limits of the powers granted by law and the corporation's own constitution.

Criminally Liable

The legal responsibility or accountability of a person or entity for violations of criminal law, subject to penalties such as fines or imprisonment.

Governing Document

A formal record that establishes the rules, regulations, or principles by which an organization or entity is governed.