Historically,the Change in Real GDP During Recessions Has Been

question 13

Multiple Choice

Historically,the change in real GDP during recessions has been

• A)mostly a change in investment spending.
• B)mostly a change in consumption spending.
• C)about equally divided between consumption and investment spending.
• D)sometimes mostly a change in consumption and sometimes mostly a change in investment.

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Definitions:

Complements In Production

Goods that are produced together or their production levels are directly linked; an increase in the production of one leads to an increase in the production of the other.

Substitute Resources

Alternative inputs or resources that can be used in place of another in the production process.

MRP

Material Requirements Planning (MRP) is a production planning, scheduling, and inventory control system used to manage manufacturing processes.

Wage Rate

The amount of money paid to an employee per unit of time, such as hourly or yearly.