In August 2011, Standard & Poor's (S&P) changed its rating on U.S. Treasury bonds from AAA to AA+ based on the state of the federal government's budget deficit.
This was the ________ a rating agency had given Treasury bonds less than a rating of AAA.
A) first time ever B) second time since the year 2000
C) fifth time in history D) first time since the Great Depression
Question 2
Refer to Table 8-7. Suppose that a simple economy produces only four goods and services: iPods, t-shirts, bottled water, and oranges. Calculate nominal GDP for this simple economy.
What will be an ideal response?
Gunnera growing on nitrogen-poor soil.
In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
A mother dies, a father loses his leg—such calamities shattered poor urban families. Orphaned street
Corbel Vault, Interior of Tholos, The So-called Treasury of Atreus
Climate has changed habitats evolution
Hank Wilkins invested $4200 in a mutual fund containing bonds.