As the housing market took off in the early 2000s:
A. household debt became positive for the first time since the Great Depression.
B. the growth in household debt slowed.
C. the growth in household debt accelerated.
D. household debt became negative for the first time since the Great Depression.
C. the growth in household debt accelerated.
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With rational expectations, a policy that would decrease AD would lead to:
a. lower inflation and lower unemployment in the short run if people underestimated the effect of the policy on inflation. b. lower inflation and higher unemployment in the short run if people underestimated the effect of the policy on inflation. c. lower inflation and an indeterminate effect on unemployment in the short run, if people's expectations were correct. d. both (b) and (c).
What are the major goals that unions may pursue in labor negotiations? Are these ever in conflict with one another?
An economic hypothesis:
A. has the same meaning as an economic principle or economic law. B. is usually a normative statement. C. is a possible explanation of cause and effect. D. is a stronger generalization than an economic law.
Which of the following represents the demand for domestic goods?
A) C + I + G B) C + I + G + X C) C + I + G - ?IM D) C + I + G + X + ?IM E) C + I + G + X - IM/?