The end of the housing boom of the early 2000s can be illustrated by a decline in aggregate demand.

Answer the following statement true (T) or false (F)


True

Economics

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The equilibrium interest rate in a money market is determined by: a. the rate of inflation

b. aggregate demand and aggregate supply. c. money demand and money supply. d. the Congress. e. the Fed.

Economics

Any point on the production possibilities curve illustrates:

a. minimum production combinations. b. maximum production combinations. c. economic growth. d. a nonfeasible production combination.

Economics

When is the best time to pay down a nation’s debt?

a. during a recession when unemployment is high b. during an economic expansion when the economy is at full employment c. it is never a good time to pay down the national debt d. any time is a good time to pay down the national debt

Economics

A fundamental axiom of rational choice theory is

A. consumers should be risk-neutral. B. consumers should disregard recent performance data. C. choices should be independent of irrelevant alternatives. D. choices should be independent of relevant alternatives.

Economics