The ________, the difference between the interest rate on Baa corporate bonds and U.S. Treasury bonds. rose sharply during the Great Depression
A) credit boom
B) credit spread
C) adjustable-rate
D) default swap
B
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During the antebellum period, the majority of the family labor on farms was devoted to investment type of activities—clearing land, constructing fences and buildings, and feeding and breeding livestock
Indicate whether the statement is true or false
Economic institutions like the Federal Reserve System of 1914 created by legislation are designed to:
(a) Only achieve economic goals (b) Garner votes (c) Satisfy the well organized interests of special groups (d) All of the above
Featherbedding means that
A) company management receives a cut from the collected union wages. B) employers are force to hire apprentices. C) employers are forced to hire more workers than they want to. D) a union can join a sympathy strike.
A minimum wage that is set above a market's equilibrium wage will result in
a. an excess demand for labor, that is, unemployment. b. an excess demand for labor, that is, a shortage of workers. c. an excess supply of labor, that is, unemployment. d. an excess supply of labor, that is, a shortage of workers.