Which of the Following Triggered the U

question 57

Multiple Choice

Which of the following triggered the U.S.recession of 2001?

• A)decline in investment demand
• B)decline in consumption demand
• C)increase in budget deficit
• D)increase in trade deficit

---

Definitions:

General Partnership

A business arrangement where two or more individuals agree to share in all assets, profits, and financial and legal liabilities of a business.

Limited Liability

Limited liability is a legal structure where a company's owners are not personally liable for the company's debts or liabilities beyond their initial investment.

Debts

Money owed by one party, the borrower, to a second party, the lender; an obligation to pay back a borrowed sum with interest.