Since 1970, the U.S. economy has experienced 2 recessions.
Answer the following statement true (T) or false (F)
False
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Which of the following will increase investment spending?
a. More optimistic business expectations. b. An increase in interest rates. c. An increase in business taxes. d. A decrease in capacity utilization. e. All of these.
The vicious circle of poverty is the trap in which the LDC is too poor to save and therefore it cannot invest and remains poor
a. True b. False Indicate whether the statement is true or false
The Great Recession is remembered by most economists as a period of
A. hyperinflation. B. high rates of unemployment. C. price controls and low inflation. D. the inability of the Federal Reserve to assist the financial system.
A checkable deposit at a commercial bank is a(n):
A. Liability to the depositor and an asset to the bank B. Liability to both the depositor and the bank C. Asset to the depositor and a liability to the bank D. Asset to both the depositor and the bank