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Which of the following best summarizes the main causes of the Great Recession?
a. The end of overseas war efforts led to a deep decrease in federal spending, which reduced employment and caused a recession.
b. The stock market collapsed following the end of a bubble in technology stock prices, which caused a decrease in investment spending and a recession.
c. The collapse of housing prices led to decreased wealth and significant problems in financial markets, as well as a decrease in expected income and a stock market collapse.
d. Oil-producing countries deliberately raised the price of petroleum, leading to inflation and a deep recession.
e. The Federal Reserve raised short-term interest rates very high in an effort to decrease inflation, which also drove the economy into a recession.
Suppose market demand and supply are given by Qd = 100 – 2P and QS = 5 + 3P. If a price ceiling of $10 is imposed, what will be the resulting full economic price?
If the demand curve is QD = 100 - 10P and there is a $1 price increase, then the elasticity of demand at P = 2 is
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q1. i want to know how to give tell to someone about ceteris paribus when he has a job working at a fast food
Opportunity cost is defined:
The largest labor union in the United States represents approximately
Pick an industry (personal computers, autos, etc.) and elucidate how it would function under market conditions of perfect competition, monopolistic competition, monopoly, and oligopoly. Of these, describe why you think one benefits consumers more ..
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