The Great Recession began in ________ and ended in ________.

A. October 2008; December 2011
B. October 2008; June 2009
C. December 2007; June 2009
D. December 2007; December 2011


Answer: C

Economics

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Refer to Table 20.1. George is a single taxpayer with an income of $65,000. If George had received a raise of $3,500 at the beginning of the year, his marginal tax rate would be

A) 22.99%. B) 23.75%. C) 38%. D) 95%.

Economics

Total surplus in a market is equal to

a. consumer surplus + producer surplus. b. value to buyers - amount paid by buyers. c. amount received by sellers - costs of sellers. d. producer surplus - consumer surplus.

Economics

A particular brand of shampoo costs 6 Canadian dollars in Toronto. The nominal exchange rate is about 1.2 and the real exchange rate is .90 . These numbers imply that the U.S. dollar price of the same shampoo is about

a. $7.99 b. $6.49 c. $5.39 d. $4.49

Economics

In general, any ceteris paribus determinant of supply that is favorable to production will

A. shift the supply curve to the left. B. shift the demand curve to the left. C. cause a movement along the supply curve. D. shift the supply curve to the right.

Economics