Answer: in a move to protect the economy from the overvalued stock market,made successive interest rate increases.Using the stock market as an unofficial benchmark,a recession would have begun in March 2000 when the NASDAQ crashed.
Explanation:the drive of housing bubble cause the recession that began in the mid 2000s.the effect of that made the NASDAQ crash
Answer:
a. The containment policy to keep back the North Koreans.
Explanation:
The dismissal of General Douglas MacArthur was ordered by President Harry S. Truman in 1951 given the intentions of the first to use nuclear weapons during the Korean War. At the beginning of 1951, the Chinese already recaptured Seoul. The situation was desperate. But an excellent maneuver by Ridgway against the Chinese, not only allowed the recovery of Seoul but also expelled the Chinese, very worn out by the bombings from South Korea. After this, Truman was finally able to initiate peace negotiations, which were abruptly annihilated by Douglas MacArthur after issuing a statement in which he threatened the Chinese and urged them to surrender. Truman took it by plain and smooth insubordination.
Finally, on April 10, 1951, Truman relieved him of all commands, being officially confirmed on 12. Truman replaced him with the intrepid Matthew Ridgway, who would become Chief of Staff. The US military had to return from North Korea. He gave his last speech to the United States Congress, which would become famous.
Answer:
Two-thirds, three-fourths
Explanation:
The constitutional convention includes the amendmend in the constitution or bring a new constitution into effect. For this reason the constitution allows that two-third of the total states must propose a national constitution convention and propose what are amendmends which are required and important. After a long debate held, the right of vote is given to every state for bringing this constitutional amendmend or new constitution into effect. So to approve the constitution to bring into effect the three-forth of the states have to approve.
Answer:
The three principal partners in the Axis alliance were Germany, Italy, and Japan.
<u>The optimality condition in the consumer's choice between two goods is the following</u>
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The ratio of the marginal utilities is called the Marginal Rate of Substitution between goods x and y, and it arises from the preferences of the consumer towards the two goods. The MRS establishes the rate at which this consumer can give up a certain quantity of good x in exchange for another amount good y, while maintaining the same level of utility (it establishes the units of good x that would satisfy the consumer if he had to reject a certain number of units of y, given his personal preferences).
When MRS is equaled to the price ratio, it allows to calculate the bundle of goods x and y, that provides the maximum utility to this consumer given the market prices of x and y, which means that t<u>he solution provides the highest-utility bundle that he can afford. </u>
<u>If the rule does not hold, the choice might be either suboptimal or impossible.</u> When the result is suboptimal, the consumer acquires a bundle that he can afford but that is not the one yielding the maximum utility. If the result obtained is impossible, the consumer cannot afford the bundle, even tough it yields very high utility to him.
