In events leading to the collapse of the housing bubble, inflated home values created a:
A. wealthier economy, which caused economic growth.
B. false sense of wealth, which increased aggregate demand.
C. false sense of wealth, which spurred economic growth to decrease.
D. wealthier economy, which caused inflation.
B. false sense of wealth, which increased aggregate demand.
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Operations of the Trading Desk of the Federal Reserve Bank of New York are typically conducted
A) no more often than once per week. B) within a one-hour period during each day. C) no more often than once per month. D) once a year.
An increase in government spending
A) increases consumption and output. B) increases consumption, decreases output. C) decreases consumption, increases output. D) decreases consumption and output.
The general view of the governments of middle- and low-income countries such as Brazil, Nigeria, India, and China is that environmental protection is
a. a necessity. b. illegal. c. a luxury. d. undemocratic.
Monopolistic competition and monopoly are examples of a market structure called imperfect competition
a. True b. False Indicate whether the statement is true or false