Much of macroeconomics is concerned with advising governments on ways to ________ business cycles, since it is desirable to ________
A) amplify, create the greatest cyclical peaks possible
B) amplify, create deep recessions to cool down the economy
C) dampen, avoid both very low troughs and very high peaks
D) dampen, keep the economy at its maximum productive capacity
C
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The emergence of the subprime mortgage market following the recession of 2001 set off a boom in the housing industry
a. True b. False Indicate whether the statement is true or false
What is the current market price of a bond that pays $200 per year indefinitely and has a current yield of 16 percent?
a. $800 b. $1250 c. $3,200 d. $8,000 e. $12,500
The federal budget went $161 billion in fiscal year 2007 to $1 trillion in the next two to three years. What are the main factors that contributed to this increase?
Major economies around the world, such as the U.S. and Great Britain, are largely independent of one another, and thus their economic fluctuations bear little relationship to one another
Indicate whether the statement is true or false