1. Which of these is most closely associated with an economic recession?

A. An increase in stock prices
B. A decrease in demand for labor
C. A decrease in the minimum wage
D. An increase in consumer spending

STARTER: The best answer is. I chose
this answer because .

2. Which of these is represented by the Gross Domestic Product (GDP)?

F. The change in the average price of consumer goods and services
G. The total value of goods and services produced within a nation
H. The amount of reserve that banks are required to hold
J. The rate of interest charged on reserves lent to banks

STARTER: The best answer is . I chose this answer because .