Evidence points out that since the mid-1950's just about every recession was preceded by rising interest rates. This suggests that the recessions were:
A. caused by simultaneous shifts in aggregate demand and aggregate supply.
B. due to increases in oil prices and other production costs.
C. the result of changes in consumer confidence.
D. caused in part by the actions of the Federal Reserve.
Answer: D
You might also like to view...
The real exchange rate between two currencies tells us:
a) changes in the exchange rate over time b) how many units of one currency can be purchased with one unit of the home currency C) how much in terms of goods and services the home currency will buy in the foreign nation compared to the home nation
When a tariff is applied to a good exported by a foreign monopoly (with no home producer), the increase in the equilibrium price is ________ the tariff applied.
a. more than b. less than c. the same as d. more than twice as much as
What is the percentage of income received by the lower three quintiles on line J?
Refer to Table 5.1. Expected income for the first year is
A) highest in accounting. B) highest in mathematics. C) higher in English than in mathematics. D) higher in political science than in economics. E) highest in economics.