The stock market crashed in the year __________.
Fill in the blank(s) with the appropriate word(s).
1929
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Price ceilings are illegal in the United States
Indicate whether the statement is true or false
Concerns about the bankruptcy of an appliance manufacturer diminish after a new CEO is appointed and some of the company's less productive factories are sold. What type of risk for bondholders falls? What happens to the interest rate on this company's bonds?
This graph demonstrates the domestic demand and supply for a good, as well as a tariff and the world price for that good.
According to the graph shown, the change in producer surplus brought about by the introduction of a tariff is:
A. an increase of HIJKL. B. a loss of HIJKL. C. an increase of H. D. a loss of H.
Which of the following would be considered the most prominent spokesman for the rational expectations school of thought?
A. Adam Smith B. Arthur Laffer C. Milton Friedman D. Robert Lucas