Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Stocks issued by companies whose earnings tend to move inversely or opposite to the broader economy and may actually increase during economic down turns are

Stocks issued by companies whose earnings tend to move inversely or opposite to the broader economy and may actually increase during economic down turns are known as ___________ stocks. Stock in Dollar General was this type of stock during the Great Recession because people stopped shopping at Malls and changed to dollar stores......this then pushed the value of the stock of these companies higher

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

10th Edition

324300980, 978-0324300987

More Books

Students also viewed these Accounting questions