Which of the following was not a reason for the significant decline in housing prices in 2007?
a. overbuilding
b. strict regulation
c. excessive previous appreciation
d. aggressive mortgages
b
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Disinflation is like
a. slowing a car down, whereas deflation is like putting the car into reverse gear. b. maintaining a car's speed, whereas deflation is like slowing the car down. c. putting a car into reverse gear, whereas deflation is like slowing the car down. d. maintaining a car's speed, whereas deflation is like putting the car into reverse gear.
Which of the following is legal under the Taft-Hartley Act?
A. secondary boycotts B. sympathy strikes C. closed shops D. collective bargaining
The path of income over a lifetime is likely to be much more stable than the path of consumption.
Answer the following statement true (T) or false (F)
The buying and selling of foreign currency by the central bank is a trade policy whose objective is:
A. reducing purchases of assets abroad. B. stabilizing the exchange rate against external shocks. C. stabilizing the interest rate against foreign capital outflows. D. promoting long term economic growth.