In what year did the housing bubble burst?
a. 2000
b. 2006
c. 2008
d. There was no such event.
b
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When you set aside the money you have today in order to purchase goods and services later on, you are using money as a
A) store of value. B) medium of exchange. C) standard of deferred payment. D) unit of accounting.
What are inventories? What usually happens to inventories at the beginning of a recession, and what usually happens to inventories at the beginning of an expansion?
What will be an ideal response?
Refer to Exhibit 2-6. Which graph depicts a technological improvement in the production of good X only?
 ANSWER 7.png)
When a government reduces its deficits by increasing taxes, in the short run,
A) output returns to potential. B) output increases. C) interest rate is higher. D) IS curve shifts inward to the left.