Based on geographical economic data, which person most likely avoided the housing boom after the 2001 recession?
a. Maggie, a teacher in Tennessee
b. Sam, an attorney in Florida
c. Louis, a writer in Massachusetts
d. Pilar, a fashion consultant in New York
a. Maggie, a teacher in Tennessee
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A change in the amount saved due to a change in income is represented by a
A. shift of the entire saving schedule. B. movement along the saving schedule. C. change in the marginal propensity to consume. D. change in the marginal propensity to save.
Which of the following would lead to a decrease in the supply of crude oil?
A) Favorable tax breaks for oil companies B) An increase in the demand for crude oil C) An increase in the price of gasoline D) Both A and C. E) None of the above.
If the Fed sets a target exchange rate that is higher than the current exchange rate, then
A) the Fed must sell dollars. B) the Fed must buy dollars. C) the Fed can do nothing in the short run. D) will try to print more dollars for foreign distribution.
__________ are conclusions or judgments about some issue or matter
a. Criteria b. Decisions c. Influences d. Problems