Compared to the previous three decades, after 1982 recessions have been ________ and expansions have been ________
A) longer, longer
B) shorter, shorter
C) longer, shorter
D) shorter, longer
D
You might also like to view...
Refer to Figure 3-5. In a free market such as that depicted above, a shortage is eliminated by
A) a price decrease, decreasing the supply and increasing the demand. B) a price increase, increasing the quantity supplied and decreasing the quantity demanded. C) a price increase, increasing the supply and decreasing the demand. D) a price decrease, decreasing the quantity supplied and increasing the quantity demanded.
An emerging market country that successfully used exchange-rate targeting to lower its inflation from above 100 percent in 1988 to below 10 percent in 1994 (before devaluation) was
A) Thailand. B) Mexico. C) The Philippines. D) Indonesia.
If an economy saves 20 percent of any increase in real Gross Domestic Product (GDP), then an increase in investment of $2 billion can produce an increase in real Gross Domestic Product (GDP) of as much as
A) $2 billion. B) $10 billion. C) $0.4 billion. D) $1.6 billion.
Bankers supported the Federal Reserve Board's Regulation Q because:
a. it allowed them to charge lower interest rates on loans. b. it protected them from money market volatilities. c. it increased the demand for loanable funds in the market. d. it allowed them to borrow at a low rate of interest and lend out at a high rate of interest.