Government deficits tend to increase during
A) periods of war and recession. B) periods of below- or above-average growth.
C) periods of increased financial uncertainty. D) recessions and booms.
A
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Given the formula PDV = $F/(1 + R)T, the PDV is smaller when the number of years is ______ and when the interest rate is ______.
A. smaller; lower B. smaller; higher C. larger; lower D. larger; higher
The subprime mortgage bubble featured ____ leverage and the technology stock bubble featured ____ leverage
a. significant; significant b. significant; limited c. limited; significant d. limited; limited
An oligopoly is a market where there are a handful of dominant firms. A type of oligopoly where there are only two firms is a duopoly.
Indicate whether the statement is true or false
Large deficits can retard economic growth.
Answer the following statement true (T) or false (F)