Two actions by the Fed during Alan Greenspan's term as chairman have been identified as possibly contributing to the financial crisis in 2008. Which of the following was one of those actions?
A) working in concert with the European Central Bank to stabilize the dollar / euro exchange rate
B) financing the first Gulf War by printing money and generating rapid inflation
C) decreasing the money supply to fight the possibility of disinflation
D) the decision to keep the federal funds rate at 1 percent from June 2003 to June 2004
D
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Refer to Table 5.1. What is Andrea's opportunity cost of producing one bracelet?
A) 1/6 of a tiara B) 2/3 of a tiara C) 6 tiaras D) 7.5 tiaras
The human skills theory is similar to the factor abundance theory of explaining the source of comparative advantage, except that the former concentrates only on different aspects of labor
a. True b. False Indicate whether the statement is true or false
Which of the following is an implicit cost?
a. salaries paid to owners who work for their own firm b. interest on money borrowed to finance equipment purchases c. cash payments for raw materials d. wages paid to hourly employees e. foregone rent on office space owned and used by the firm
Vaccinations are a ________ good that create a ________ externality.
A. private; positive B. private; negative C. public; negative D. public; positive