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Author Question: When a household takes extra (unbudgeted) money on a trip, economists would classify this money as ... (Read 53 times)

luminitza

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on: Jun 30, 2018
When a household takes extra (unbudgeted) money on a trip, economists would classify this money as held for a(n):
 a. speculative demand.
  b. transactions demand.
  c. emergency motive.
  d. precautionary demand.
  e. inflationary motive.

Question 2

As a general rule, a recession is a decline in real GDP lasting at least:
 a. one year.
  b. six months.
  c. three months.
  d. one month.


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frre432

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


luminitza

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

robbielu01

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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