Which of the following contributed to the soaring housing prices during 2002-2004?
What will be an ideal response?
the Fed's low-interest rate policy
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What is the relationship between debt, falling commodity prices and rainforest degradation?
What will be an ideal response?
Tim's Solar Panel Co manufactures and distributes solar panels in the U.S. market. Two years prior, it had 5 competitors in the market. However, government stimulus in the industry has now encouraged 7 new competitors to enter the market. At equilibrium, the price of Tim's panels: a. is less than the average variable cost of production
b. is dictated by the forces of demand and supply present in the market. c. is less than the fixed cost of production. d. decrease in order to stay ahead of its competitors in the market.
Considering its effects through income, the price level, and interest rates only, expansionary fiscal policy causes the value of a country's currency to:
A. move unpredictably. B. rise. C. remain unchanged. D. fall.
The longer a worker is unemployed, the probability of finding a job
A. rises. B. declines. C. becomes close to zero. D. is unaffected.