What is the business cycle? Describe what happened in the Great Recession of 2008–2009 in terms of the business cycle
What will be an ideal response?
An ideal response will:
1, Define the business cycle as the manifestation of the instability of capitalism that creates periods of high or low (even negative) economic growth.
2, Describe how the bursting of the real estate bubble and the collapse of the financial industry, which contributed to a deep recession beginning in 2008, and the very slow "jobless" recovery since then dramatically illustrate the low/negative portion of the business cycle.
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The simple definition of ________ is the concept of who gets what, when, and how
What will be an ideal response?
Who has the ultimate authority and control over U.S. foreign and military policy?
a. Congress b. the president c. the State Department d. the National Security Council e. the Joint Chiefs of Staff
Uncontrolled media may be more valuable to political candidates than controlled media because __________.
A. it is often viewed as being more objective by the public B. it allows candidates to coordinate campaign advertising with outside groups C. journalists are unlikely to care about the messages being communicated D. it is typically more costly
Where are most of the least developed countries located?
a. East Asia b. Sub-Saharan Africa c. Central Europe d. The Pacific Islands e. South America and the Caribbean