Which of the following is most likely to happen if many families in a community stop spending as much money at the local grocery store?
(1 point)
Responses
Farmers would produce more crops to increase supply.
Farmers would produce more crops to increase supply.
The grocery store would lay off several employees.
The grocery store would lay off several employees.
The grocery store would invest in more displays.
The grocery store would invest in more displays.
The families would have to begin growing their own food.
2 answers
The grocery store would lay off several employees.
Which of these events would most likely cause a recession?
(1 point)
Responses
The price of gasoline rises by ten percent.
The price of gasoline rises by ten percent.
Political leaders pass large spending cuts.
Political leaders pass large spending cuts.
Many people find new jobs at the same time.
Many people find new jobs at the same time.
The value of total net exports rises unexpectedly.
(1 point)
Responses
The price of gasoline rises by ten percent.
The price of gasoline rises by ten percent.
Political leaders pass large spending cuts.
Political leaders pass large spending cuts.
Many people find new jobs at the same time.
Many people find new jobs at the same time.
The value of total net exports rises unexpectedly.
1 answer