The first recorded example of a financial bubble was:
A. the "stock market" bubble of the 1920s.
B. a "tulip mania" in the 1600s.
C. called the Enclosure Movement.
D. the "dot com" bubble of the 1990s.
Answer: B
You might also like to view...
If you were a Keynesian economist, what policies would you likely suggest to respond to a recession?
a. moderate tax cuts and increases in government spending b. cuts in government spending and moderate tax increases c. tax refunds and deep cuts to social programs d. government investments in defense and anti-inflation measures
Macroeconomics focuses on a certain set of variables called
A) micros. B) marginals. C) partials. D) balances. E) aggregates.
Costs of production that change with the rate of output are
A) sunk costs. B) opportunity costs. C) fixed costs. D) variable costs.
Ceteris paribus, which of the following will cause a rightward shift of the supply curve for plasma TVs?
A.) An increase in the cost of materials associated with the production of plasma TVs. B.) A decrease in the quantity of labor available to produce plasma TVs. C.) A subsidy paid to the producers of plasma TVs. D.) A decrease in the price of plasma TVs.