Which statement is an example of an economic trend?
A)The Federal Reserve announces that it will decrease the interest rate charged to banks.
B)Congress passes legislation that increases the tax rate on corporations.
C)A new computer chip is announced which will allow for miniaturization of many electronic devices.
D)The E.U.declares an increase in tariffs on all agricultural goods.

Question

Quizplus · Accepted Answer

The announcement of the Federal Reserve decreasing the interest rate charged to banks is an example of an economic trend because it will impact the borrowing and lending behavior of banks, ultimately affecting the overall economy.

Which Statement Is an Example of an Economic Trend