Multiple Choice
The effect of a recession on a company like General Motors Corporation is such that
A) sales decline more sharply for General Motors as compared to firms that do not produce durable goods.
B) profits fall less sharply as compared to firms that do not produce durable goods.
C) the decline in sales is more short-lived as compared to firms that do not produce durable goods.
D) there is no difference in the impact of the recession on its profits as compared to firms that do not produce durable goods.
Correct Answer:
Verified
Correct Answer:
Verified
Q142: The U.S.economy experienced a period of relative
Q143: Suppose that real GDP for 2017 was
Q144: When production in an economy grows more
Q145: Which of the following goods would see
Q146: According to the "Rule of 70," it
Q148: The economic effects of a recession are
Q149: Explain how unemployment changes over the business
Q150: Private saving is defined as<br>A)Y + TR
Q151: Under which of the following circumstances would
Q152: In a closed economy,public saving plus private