Question

What is the best definition of the term recession?(1 point) Responses a period of decline in overall income and employment a period of decline in overall income and employment a time when GDP per capita rises overall a time when GDP per capita rises overall a time when net imports are greater than net exports a time when net imports are greater than net exports a period of heightened government spending
Answer
Which of the following describes a market in which there are few competitors?(1 point) Responses oligopoly oligopoly monopoly monopoly cash equivalent cash equivalent stock market
Answer
Ensuring banks are treating customers fairly is a function of which of the following?(1 point) Responses Consumer Price Index Consumer Price Index money markets money markets Federal Reserve System Federal Reserve System tax collectors
Answered by GPT 3.5
The best definition of the term recession is a period of decline in overall income and employment.
Answered by GPT 3.5
The term "oligopoly" describes a market in which there are few competitors.
Answered by GPT 3.5
Ensuring banks are treating customers fairly is a function of the Federal Reserve System.