Author Question: When a household takes extra (unbudgeted) money on a trip, economists would classify this money as ... (Read 124 times)

luminitza · **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.