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Semenov [28]
2 years ago
9

3. Suppose the National Bureau of Economic Research announces that the economy has been in a recession for the past year. What e

ffect might this announcement have on the economy? A) Employers will trim payrolls in an effort to cut costs in the face of decreased demand for their products. B) Businesses will invest heavily in plant and equipment. C) Businesses will add shifts to prepare for the upcoming recovery. D) The Federal Reserve will increase interest rates to fight the recession.
Business
1 answer:
Anit [1.1K]2 years ago
3 0

Answer:

The correct answer is option A.

Explanation:

Recession in an economy means that the economic activities are reduced. During recession aggregate demand gets reduced.

When the recession is announced the firms will realize that the demand for their products must have been reduced. To reduce the cost of production the firms will reduce the wages paid to the workers.

This will further reduce the income and the demand for products.

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When choosing a savings account to open, you should look for:
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The market demand curve for a normal good will shift to the left ​(decrease​) when the price of a substitute good ▼ increases de
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1. decreases 
2. increases3. decreases
4. decreases  
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2. The price of a complementary good ▼ decreases increases​,
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7 0
3 years ago
Imagine you are a consultant who has been asked to summarize the strengths and weaknesses of Customaria, a nation with a pure tr
zavuch27 [327]

Answer:

There is little cooperation, relative to other economies.

The participants in the economy are slow to adopt new beneficial technologies due to previous customs.

Occupational choices can be restricted.

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