Consumption Spending Refers to ________ Spending on Goods and Services

question 148

Multiple Choice

Consumption spending refers to ________ spending on goods and services.

• A)household
• B)business
• C)government
• D)foreign

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Definitions:

Basic Freedoms

Basic freedoms are fundamental rights or liberties considered essential for human dignity and social development, often protected by law, including freedom of speech, religion, press, assembly, and petition.

Major Recession

Refers to a significant period of economic decline across a country or the world, marked by high unemployment rates, falling stock markets, and reduced industrial production.

Global Meltdown

A severe and widespread economic downturn or crisis affecting multiple countries and economies around the world.

Barack Obama

The 44th President of the United States and the first African American to hold the office; served from 2009 to 2017, promoting policies such as healthcare reform and environmental sustainability.