When there is a stock market boom
A. wealth falls and investment rises.
B. wealth and investment rise.
C. wealth rises and investment falls.
D. wealth and investment fall.
Answer: B
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When a worker quits a job to look for a better job
A) structural and cyclical unemployment increase. B) structural unemployment decreases. C) cyclical unemployment increases. D) frictional unemployment increases.
Maurice loses his job and decides to sit on the beach rather than looking for work the next few months. Other things the same, the unemployment rate
a. increases, and the labor-force participation rate is unaffected. b. increases, and the labor-force participation rate decreases. c. decreases, and the labor-force participation rate increases. d. decreases, and the labor-force participation rate decreases.
How does inclusion of the current revenues and expenditures of the Social Security trust fund into the budget calculation currently affect the reported budget deficit of the federal government?
a. It increases the reported deficit. b. It reduces the reported deficit. c. It exerts no effect on the reported deficit. d. It increases the deficit during an economic boom but reduces it during a recession.
Stock markets in England were started in the late:
A. Seventeenth century. B. Eighteenth century. C. Sixteenth century. D. Nineteenth century.