Which famous person referred to compounding as "the greatest mathematical discovery of all time?"
a. Abraham Lincoln
b. Thomas Edison
c. Benjamin Franklin
d. Albert Einstein
d
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Which of the following is an example of an automatic stabilizer?
A) Congress increases the tax rate during an expansion. B) Congress authorizes spending increases during a recession. C) More unemployment benefits are paid during a recession. D) Welfare payments decrease during a recession.
The net international investment position reflects the domestic holding of foreign assets minus foreign holdings of domestic assets
Indicate whether the statement is true or false
A speculator who takes a long position in a market buys low and sells high, whereas a speculator who taxes a short position in a market buys high and sells low.
Answer the following statement true (T) or false (F)
In the attempt to use deficits to fight the Great Recession, what was the size of the federal government's "stimulus" plan of 2009?
A) $7.87 billion B) $78.7 billion C) $787 billion D) $7.87 trillion