Economists who believe that policy errors are the source of economic instability argue that the crisis of 2008 was primarily the result of
a. housing regulations that undermined sound lending practices and Fed policies that generated the housing boom and bust.
b. the stock market crash.
c. the actions of speculators who drove up the world price of oil, the domestic price of gasoline, and other energy sources.
d. persistently high interest rates during the decade leading up to the crisis.
A
Economics
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Copper falls into which factor of production category?
A) land B) labor C) capital D) entrepreneurship
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According to Okun's law, if full-employment output is $5000 billion, then each percentage point of unemployment sustained for one year reduces output by
A) $50 billion. B) $100 billion. C) $150 billion. D) $200 billion.
Economics