A decrease in aggregate spending in an economy will ultim...
A decrease in aggregate spending in an economy will ultimately lead to
Boom
Inflation
Deflation
Recession
Correct answer is C
A small downturn in consumer spending damages the economy. As it drops off, economic growth slows. Prices drop, creating deflation. If slow consumer spending continues, the economy contracts.
Deflation is the opposite of inflation. It means reduction or a fall in the general level of prices in an economy.
Find the mean price of the distribution ...
Which of these factors causes a change in the quantity demanded of a commodity? ...
The meaning of scale of preference is ...
The value of the multiplier depends on ...
A major obstacle to rapid agricultural development in Nigeria is the ...
Petroleum has the following positive contributions to the Nigerian economy except ...
An economic problem exists whenever ...
Two basic features common to an industry are ...
Economic problems arises because ...
A concious effort of government to achieve a specific set of goals is? ...