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which of the following is not a situation involving external shock? a) consumers reduce spending because they fear that their nation is going to war. b) consumers use more gasoline because of lower prices due to the discovery of large deposits of oil. c) consumers reduce spending on expensive goods because the country has gone to war. d) consumers pay high prices for corn becasue of a severe drought.
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Asked 11/12/2010 9:18:42 AM
Updated 8/25/2021 2:15:23 PM
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User: which of the following is not a situation involving external shock? a) consumers reduce spending because they fear that their nation is going to war. b) consumers use more gasoline because of lower prices due to the discovery of large deposits of oil. c) consumers reduce spending on expensive goods because the country has gone to war. d) consumers pay high prices for corn becasue of a severe drought.

Weegy: b) consumers use more gasoline because of lower prices due to the discovery of large deposits of oil.
Expert answered|Luketf|Points 135|

User: what is a steady, long-term increase in real GDP referred to as? a) recession b) peak c) economic growth d) depression

Question
Asked 11/12/2010 9:18:42 AM
Updated 8/25/2021 2:15:23 PM
1 Answer/Comment
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Economic growth is a steady, long-term increase in real GDP.

Added 8/25/2021 2:15:23 PM
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Questions asked by the same visitor
what is the difference between a recession and a depression? a) unlike a recession, depression includes high levels of inflation. b) a recession is a period of economic growth while a depression is a period of economic contraction. c) a recession is more severe than a depression and lasts longer. d) a depression is a particularly deep resession with high levels of unemployment.
Weegy: The answer is D. a depression is a particularly deep resession with high levels of unemployment. Reference: (More)
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Updated 327 days ago|1/17/2023 12:23:29 AM
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Depression is a particularly deep resession with high levels of unemployment is the difference between a recession and a depression.
Added 327 days ago|1/17/2023 12:23:24 AM
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Which of the following is an example of a nondurable good? a) a paperback book b) a used car c) a washing machine d) a new car
Weegy: A paperback book is an example of a nondurable good. (More)
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Updated 8/15/2019 9:18:36 AM
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