Changes in Spending Behavior Shift the Expenditure Line and Help

question 101

True/False

Changes in spending behavior shift the expenditure line and help explain economic fluctuations.

---

Definitions:

American Culture

A broad conglomerate of customs, traditions, language, arts, history, and social norms prevalent within the United States.

Natural Resources

Raw materials and substances found in the environment that are used by humans for food, energy, materials, and other necessities, such as water, minerals, forests, and fossil fuels.

Commodities

Basic goods used in commerce that are interchangeable with other goods of the same type, such as grains, gold, oil, and natural gas.

American West

A region of the United States that has been defined in various ways, often characterized by its history of westward expansion, frontier life, and significant cultural and geographical diversity.