Using the information in the table shown, what is the 1999 salary in 2009 dollars?
A. $174,136
B. $132,692
C. $105,292
D. $170,844
A. $174,136
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When the Fed embarked on a policy known as quantitative easing, they
A) reduced the required reserve ratio by one-quarter point per month for 12 months. B) bought longer-term securities than are usually bought in open market operations. C) opened up lending to primary dealers, commercial banks, and investment banks. D) slowly lowered the federal funds rate target until it was equal to zero.
The financial crisis of 2007-2009 worsened after the failure of which firm?
A) General Motors B) Lehman Brothers C) Bear Stearns D) American International Group (AIG)
The random walk theory says that
A) stock prices follow a trend for varying periods of time. B) successive stock prices increase more than they decrease. C) successive stock prices are dependent on the weighted average of the previous week's prices. D) successive stock prices are independent of each other.
The automatic stabilizers in the U.S. economy are sufficiently strong to prevent recessions
a. True b. False Indicate whether the statement is true or false