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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 4: Blowout - The Commodities Bubble.

Multiple Choice Questions

1. Alan Greenspan was born in what area of New York City?
(a) Washington Heights.
(b) The Upper East Side.
(c) Astoria, Queens.
(d) Greenwich Village.

2. Richard Nixon had capitalized on the "forgotten Americans." The push to gain these voters was known as________.
(a) The "southern cooperative."
(b) The "southern strategy."
(c) The "silent strategy."
(d) The Tea Party.

3. When did Lehman Brothers declare bankruptcy?
(a) November, 2007.
(b) September 2009.
(c) October, 2008.
(d) September, 2008.

4. Who appointed Alan Greenspan as the Federal Reserve chairman?
(a) George W. Bush.
(b) George H. Bush.
(c) Bill Clinton.
(d) Ronald Reagan.

5. When was the Uniform Prudent Investor Act enacted?
(a) 1994.
(b) 1985.
(c) 1947.
(d) 1915.

Short Answer Questions

1. Alan Greenspan recommended the Reagan era increase in Social Security tax, and the rate went from 9.35% to ___________.

2. When was Alan Greenspan born?

3. What does AIG stand for?

4. Alan Greenspan served as Chairman of the Federal Reserve of the United States during what years?

5. Where was Ayn Rand born?

(see the answer key)

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