Following the collapse of its housing and stock markets around 1990, the Japanese government ________
A) effectively managed the crisis, limiting the damage to the Japanese economy
B) took only limited action in response to the crisis
C) was able to rely on private initiatives in quickly reversing the course of GDP in the 1990s
D) fixed the value of the yen to the Euro and pursued an aggressive monetary policy
B
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The successes of the 1960s were ascribed to the effects of
A. classical policies from the 1800s. B. classical policies from the 1930s. C. classical policies from the 1950s. D. Keynesian policies from the 1930s. E. Keynesian policies from the 1950s.
Which of the following demonstrates international interdependence?
a. the oil shocks b. the debt crisis c. global warming d. all of the above.
If the interest rate were 10 percent, how much would people be willing to pay for a stock that was certain to yield a $2 per share stream of net earnings continuously in the future?
a. $2 b. $10 c. $20 d. $100
Two goods are complements if:
A. an increase in the price of one good leads to an increase in demand for the other. B. there are no substitutes for either of them. C. people tend to consume either one or the other. D. an increase in the price of one good leads to a decrease in demand for the other.