Between the second quarter of 2006 and the first quarter of 2009, the value of housing wealth
A. increased by about $500 billion.
B. increased by about $13 trillion.
C. decreased by about $7 trillion.
D. decreased by about $600 billion.
Answer: C
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"Taxes are what we pay for a civilized society." This statement was made by
A) Herbert Hoover. B) Adam Smith. C) Franklin Roosevelt. D) Oliver Wendell Holmes.
A method of allocating scarce resources is a necessary component of
a. all economic systems b. all economic systems except market capitalism c. centrally-planned socialism and market socialism only d. centrally-planned capitalism and market capitalism only e. all economic systems except centrally planned socialism
According to the aggregate supply drawn under the monetarist view, which of the following would lead to a higher price level?
A. The purchase of bonds in the open market by the Fed. B. An increase in the discount rate. C. An increase in the reserve requirement. D. A decrease in the money multiplier.
The joining of firms that are producing or selling a similar product is known as
A. economies to scale. B. a conglomerate merger. C. a horizontal merger. D. a vertical merger.