An economy does not move smoothly from recession to growth because of:
a. differing regional labor codes.
b. seasonal fluctuations and random disturbances.
c. consumers who do not know what to buy.
d. policymakers who do not know what to do.
b
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Which of the following is true about the Bitcoin:
a. Bitcoin transactions are anonymous, irreversible, and practically impossible to trace. b. Bitcoin transactions are cleared through clearing houses, such as Mt. Gox. c. Bitcoin has a fixed exchange rate relative to the U.S. dollar and other currencies. d. A Bitcoin can be purchased and sold via foreign exchange dealers, just like the dollar or euro. e. Bitcoin transactions are highly visible and, therefore, taxable events.
______ occurs when the Fed buys long-term securities, thus driving down long-term interest rates and encouraging spending.
a. Quantitative speculating b. Quantitative easing c. Qualitative speculating d. Qualitative easing