The stock market bubble of the late 1990s and early 2000s:
A. saw internet and computer technology companies over-invest.
B. was an example that not all bubbles burst.
C. was a good example of the theory of efficient markets.
D. saw an efficient allocation of resources toward the high-growth computer/internet sector.
Answer: A
Economics
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When y changes, x stays the same. The line depicting this relationship would be
A) vertical. B) horizontal. C) linear with a negative slope. D) linear with a positive slope.
Economics
According to Keynes, money wages
a. would adjust in the short run in order to maintain full-employment. b. are inflexible in the short run are cannot guarantee full-employment levels of output. c. are inflexible and fall as the price level rises. d. are more flexible downward than upward direction.
Economics