LOS a: Describe how structural economic changes (e.g., demographics, technology, politics, and regulation) may affect industries.
Which of the following is the best example of a structural change as opposed to a cyclical change?
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A) |
The European Central Bank raises interest rates to ward off inflation. | |
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B) |
The average age of consumers increasing. | |
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C) |
Increased spending from an increase in consumer confidence. | |
A change in the average age of consumers is a demographic change, which is considered a structural change. Changes in spending based upon confidence and pessimism is generally considered a cyclical phenomena, as is a central bank action. | 
发表于 2010-4-22 22:47
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