A business fluctuation when the pace of economic activity is slowing down is called
A) a reduction.
B) a contraction.
C) a depression.
D) a slowdown.
Answer: B) a contraction.
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The credit spread between government bonds and corporate bonds is ________
A) countercyclical and coincident B) procyclical and coincident C) procyclical and lagging D) countercyclical and leading E) acyclical
How does supervision benefit team production?
Structuralists take the position that:
A. the rule of reason is appropriate and desirable in interpreting the Sherman Act. B. only unreasonable anticompetitive acts should be regarded as violations of the antitrust laws. C. industries should be judged on the basis of their technological progress and their price- output behavior. D. an industry that is highly concentrated will behave monopolistically.
The Stock Market Crash of 1929 probably contributed ____ to the Great Depression because _____
a. little, it did no more than wipe out the speculative gains made earlier. b. little, the Fed responded by increasing the money supply. c. a good deal, corporations could no longer raise investment funds. d. a good deal, consumer confidence and spending on durables were reduced.