Question

d. Ronald Reagan 15. We associate which of the following presidents with first advocacy of supply-side economics? a. John F. Kennedy b. Ronald Reagan c. Bill Clinton d. George W. Bush 16. During the 2008 - 2009 recession consumer confidence a. didn't fall a fell to a higher level than the low point in earlier recessions b. fell to about the same level as the low point in earlier recessions c. fell to a lower level than the low point in previous recessions 17. New-vehicle sales have typically/usually a. been a good leading indicator of recession b. been a lagging indicator of recession c. shown no relationship to the timing of recession d. a contrarian indicator, rising in recession and falling in prosperity 18. During the 2008 - 2009 recession consumer credit "grew" by a negative amount. This is a sign that households had begun to a. return to their old ways

Answer 1

Answer . Ronald Reagan

reason- 1975, Herbert Stein the economic advisor of Ronald Reagan first used supply side economics.

Answer 16. c fell to a lower low than the low points of previous recessions

reason- During 2008-9 recession, consumer confidence fell to a lower low than previous recessions indicating the severity of the recession as consumer spending constitutes about 60% of GDP.

Answer 17.been a good leading indicator of recession.

reason- Fall in new vehicle sales indicates an approaching recession. As consumer confidence falls, people don't buy new vehicles, sales falls.

Answer 18. repay their debts

reason- growth in Negative consumer credit means consumers were paying back their debts.

Note-According to HOMEWORKLIB RULES first four parts can be answered