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
You might also like to view...
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.
Any point on the production possibilities curve illustrates:
a. minimum production combinations. b. maximum production combinations. c. economic growth. d. a nonfeasible production combination.
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
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.