Author Question: Amajor cause of the Great Recession was: a. Moral hazard. b.Excessive foreign exchange ... (Read 120 times)

crazycityslicker · **on:** Jun 30, 2018

Amajor cause of the Great Recession was:
a. Moral hazard.
b.Excessive foreign exchange speculation.
c. Contractionary fiscal policies.
d. Lack of incentives for homeowners.
e. None of the above.

Question 2

If the price of inputs falls and the budget deficit rises due to an increase in government spending, then the:
a. Price index falls, and real GDP rises.
b. Price index falls, and real GDP falls.
c. Price index falls and the change in real GDP is uncertain.
d. Price index is uncertain, and real GDP rises.
e. Price index is uncertain, and real GDP falls.