Which of the following statements is an example of an economic trend?
A) The Federal Reserve announces that it will decrease the interest rate charged to banks.
B) Congress passes legislation that increases the tax rate on corporations.
C) A new computer chip is developed that will allow for miniaturization of many electronic devices.
D) The European Union declares an increase in tariffs on all agricultural goods.

Question

Quizplus · Accepted Answer

The announcement of a decrease in interest rates by the Federal Reserve is a trend in the economy as it may affect borrowing and lending rates, which can have broader impacts on various industries and economic activities.

Which of the Following Statements Is an Example of an Economic