When comparing the severity of recessions since World War II, economists focus on the ones in

A. 2001 and 2007-2009.
B. 1968 and 1974.
C. 1990 and 2001.
D. 1982 and 2007-2009.


Answer: D

Economics

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What is moral hazard?

Fill in the blank(s) with the appropriate word(s).

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If the opportunity costs of producing a good increase as more of that good is produced, the economy's production possibility frontier will be

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In making decisions about what to consume, a person's goal is to

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