Economic fluctuations or business cycles:
a. measure changes in the total number of new businesses started during a year
b. are fluctuations in the Dow Jones industrial average relative to a long-term growth trend.
c. look at the role played by business on the level of unemployment.
d. are fluctuations in the level of economic activity relative to a long-term growth trend.
e. are changes in government spending that occur over a period of time.
d
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Which of the following would violate transitivity?
a. Vanessa likes A more than B, C more than B, and C more than A. b. Jay likes C more than B, A more than B, B more than D, and C more than D. c. Maddy likes C more than A, B more than D, A more than B, and D more than C. d. Victoria likes C more than B, C more than D, and B more than D.
Answer the following questions true (T) or false (F)
1. With the Troubled Asset Relief Program (TARP), the Treasury provided funds to banks in exchange for stock. 2. In March 2008, the Fed announced that primary dealers would be eligible to receive discount loans. 3. Despite saving Lehman Brothers from failing, the Fed and the Treasury decided to allow Bear Stearns to go bankrupt, which it did in September, 2008.
A tax and a regulation that have the same effect on output in the short run will have different effects in the long run. _____ creates profits which encourages _____, while _____ creates losses and encourages _____
a. Corrective taxation; entry; regulation; exit b. Regulation; entry; corrective taxation; exit c. Corrective taxation; exit; regulation; entry d. Regulation; exit; corrective taxation; entry
Conscious manipulation of the interest rate causes it to become a less effective tool in allocating resources among time periods.
Answer the following statement true (T) or false (F)