In the above figure, a trough is at point ________ and a peak is at point ________
A) a; b
B) b; c
C) b; a
D) d; c
C
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Which of the following is considered contractionary fiscal policy?
A) The New Jersey legislature cuts highway spending to balance its budget. B) Legislation removes a college tuition deduction from federal income taxes. C) Congress increases the income tax rate. D) Congress increases defense spending.
The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 created an Office of Credit Ratings at the SEC with its own staff and the authority to fine credit-rating agencies and to deregister an agency if it produces bad ratings
This is an example of which remedy of conflicts of interest? A) regulate for transparency B) supervisory oversight C) leave it to the market D) socialization of information production
The Federal Deposit Insurance Corporation helps to reduce the number of bank failures because
a. of its rule that individuals cannot make a run on a bank b. it promises to reimburse up to $10,000 of lost deposits in an account c. depositors will be secure in the fact that their deposits are protected d. it pays attention to the changes in the economy e. it is a soothing agent for individuals who have accounts over $100,000
A firm's short-run supply curve shows the relationship between price and quantity supplied.
Answer the following statement true (T) or false (F)