In a Booming Economy, ________ and So Inventories ________

question 80

Multiple Choice

In a booming economy, ________ and so inventories ________.

• A) production is rising; rise
• B) consumption is rising; fall
• C) government expenditures shrink; rise
• D) inflation rises; fall
• E) personal savings rise; rise

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Definitions:

Citizenry

The total body of citizens of a particular place; denoting the inhabitants or constituents of a nation or area.

NLRB v. Jones & Laughlin Steel Corp.

A landmark United States Supreme Court decision that upheld the constitutionality of the National Labor Relations Act, allowing for stronger federal protection of workers' rights.

Commerce Clause

Clause 3 of Article I, Section 8, of the U.S. Constitution, which authorizes Congress to “regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes.”

Federal Funds

Reserve balances that commercial banks hold at the Federal Reserve, often lent overnight to meet reserve requirements.