Which of the following refers to business cycles?
a. Variations in the economy that are all equal in intensity
b. Seasonal variations in the economy that occur every year
c. Fluctuations in economic output that show a declining growth pattern over time
d. Periodic but irregular variations in economic activity
e. Fluctuations in the profits that businesses in an economy earn over a period of time
d
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In 2008, the Treasury and Federal Reserve took several actions in response to the deepening financial crisis. One action was the Treasury's move to have the federal government take control of
A) JPMorgan Chase. B) Fannie Mae and Freddie Mac. C) the Federal Deposit Insurance Corporation (FDIC). D) Lehman Brothers.
Most U.S. financial crises have started during periods of ________ either after the start of a recession, a stock market crash, or the failure of a major financial institution
A) high uncertainty B) low interest rates C) low asset prices D) high financial regulation
The slope of a U-shaped curve is infinity at the bottom of the U
a. True b. False
Game theory is just as necessary for understanding competitive or monopoly markets as it is for understanding oligopolistic markets
a. True b. False Indicate whether the statement is true or false