In 2008–2009, the U.S. economy provided a
A. healthy climate for investment spending.
B. change in aggregate demand that fostered more capital formation.
C. sluggish climate for investment spending.
D. booming economy that spurred investment spending.
Answer: C
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Which of the following are TRUE regarding "positive" statements? I. They describe what "ought to be." II. They describe what is believed about how the world appears. III. They can be tested as to their accuracy
A) I and II B) II and III C) I and III D) I, II and III
Which of the following is considered a potential solution to some regulatory capture?
A. Bringing industry experts into the regulatory process. B. Creating a standard set of regulations for all industries. C. Deregulation of the industry. D. Government subsidies for firms in the industry.