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Homework answers / question archive / A recession begins with a(n) _____ in spending by firms on capital goods and a(n) _____ in spending on durable goods by households
A recession begins with a(n) _____ in spending by firms on capital goods and a(n) _____ in spending on durable goods by households.
a.increase; increase
b.increase; decrease
c.decrease; increase
d.decrease; decrease
Explanation:
Recession refers to the phase of business cycle that describes the slowdown of economic activities within the geographical area of a nation. It is the situation when household spending decreases due to which firms spend less on the production of products and services as well as on capital goods.
