QUESTION 15 As the economy nears the end of an expansion, which of the following do...
QUESTION 15 As the economy nears the end of an expansion, which of the following do we typically see? A. rising firm profits B. rising levels of firm investment C. rising interest rates D. falling wages relative to output prices 4 points
QUESTION 16 If you spend more of your income on consumption goods, which of the following will occur? A. The production of investment goods will fall. B. Economic growth will be stimulated. C. Investments in education will rise. D. For every dollar you spend on consumption, real GDP will fall by a dollar. 4 points
Homework Answers
(15). Answer is option (C). Rising interest rates
As the economy nears the end of an expansion, interest rates usually go up and wages raise faster than prices.
(16). Answer is option (A).The production of investment goods will fall
Consumption goods are those goods which are used by consumer for personal use and they are ready for use. If you spend more of your income on consumption goods than there is fall in the production of investment goods.
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QUESTION 15 As the economy nears the end of an expansion, which
of the following do...
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QUESTION 15 Suppose that the Federal Reserve believes the economy is growing too fast and engages in contractionary monetary policy. What happens to the money supply and interest rates in the money market? A. The money supply increases and interest rates fall. B. The money supply increases and interest rates rise. C. The money supply decreases and interest rates fall. D. The money supply decreases and interest rates rise. QUESTION 16 Suppose the...
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just answers
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