Which of the following goods would be most likely to see demand increase during a recession?
A) instant noodles
B) steak
C) cars
D) houses
E) smart phones
Correct Answer:
Verified
Q215: As the economy nears the end of
Q220: During a recession, spending on _ tends
Q223: A period of expansion in the business
Q224: When the economy reaches a trough in
Q224: A recession begins with a(n)_ in spending
Q225: At the end of an expansion,wages of
Q226: When a recession ends,
A)interest rates decrease.
B)households decrease
Q229: The generally accepted definition of a recession
Q230: In Canada, since the 1970s, expansions are
Q232: Economists have not found a way to
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