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:

Assignment of Accounts Receivable

The transfer of the right to collect money owed on outstanding invoices from the original creditor to another party.

Security Interest

A lien given by a debtor to his creditor to secure payment or performance of a debt or obligation.

Sale of Goods

A transaction involving the transfer of ownership of goods from the seller to the buyer for a price.

Intent to Benefit

A principle that refers to the deliberate desire to provide benefits or advantages through a contract to a specific party or parties.