In the late 1600s, the stock being traded in London's Exchange Alley that created a financial bubble belonged to the:
A. South Seas Company.
B. East India Company.
C. Bubble Company.
D. Mediterranean Company.
A. South Seas Company.
Economics
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Real GDP per person averaged $150 a year (in 2009 dollars) from 1,000,000 BC until 1620. Then in ________ real GDP began to increase without limit and by 1850 had risen to twice its 1650 level because ________
A) 1650; the Pilgrims arrived in the Americas B) 1750; Columbus arrived in the Americas C) 1650; of the Industrial Revolution D) 1750; of the Industrial Revolution E) 1776; United States was founded
Economics
"When there is a shortage of loanable funds, the real interest rate will increase." Explain whether the previous statement is correct or not
What will be an ideal response?
Economics