Which of the following contributed to the crisis that was building up in the U.S. economy in the mid-2000s?
A) The economic expansion of the Clinton presidency ended in the collapse of a speculative stock market boom, an economic downturn, and a rise in unemployment.
B) During the Bush years, there was a new speculative boom in borrowing and lending, which eventually collapsed.
C) The Bush administration was committed to low tax rates, but not to its accompanying principle of cutting government spending.
D) The recovery under the Bush administration was slow in producing jobs and was accompanied by unprecedented government deficits.
E) All of these
E
You might also like to view...
The Roman senator who led the movement for the complete destruction of Carthage was
A) Cato. B) Scipio. C) Marius. D) Pliny the Elder. E) Sulla.
As a result of the 1555 Peace of Augsburg,
a. Calvinism became the dominant faith in northern Germany. b. Germany became highly centralized. c. Charles V reinforced his control over the German princes. d. Lutheranism became established as an alternative to Roman Catholicism in the Germanies. e. France was able to become independent of the Holy Roman Empire.
Thomas Jefferson sent two envoys to France in 1803 with the essential goal of
a. preventing Napoleon from handing Louisiana back to Spain. b. purchasing as much territory west of the Mississippi as they could get. c. preventing Napoleon from fortifying New Orleans and St. Louis. d. bribing the French foreign ministry into permitting Americans to deposit grain in New Orleans. e. purchasing New Orleans to make it secure for American shippers.
The Avesta portrays ancient Iran as
a. a world of magic and mystery. b. a philosophical paradise. c. the center of a mighty kingdom. d. a place without cities. e. a land of merchants.