If Total Spending Rises from One Year to the Next

question 167

Multiple Choice

If total spending rises from one year to the next, then

• A)the economy must be producing a larger output of goods and services.
• B)goods and services must be selling at higher prices.
• C)either the economy must be producing a larger output of goods and services, or goods and services must be selling at higher prices, or both.
• D)employment or productivity must be rising.

---

Definitions:

Longitudinal Study

A research method that involves observing the same subjects over a long period, often to detect changes or developments in the studied phenomena.

Long-term Memory

A type of memory capable of storing information for a prolonged period, ranging from days to a lifetime.

Short-term Memory

A thinking apparatus of limited scope, aimed at briefly sustaining information pending processing.

Longitudinal Study

A research method that involves observing the same subjects over a period of time, often years or decades.