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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 7: The Great American Bubble Machine.

Multiple Choice Questions

1. According to the author, what philosophy translates to "My facts are facts and your facts are not facts"?
(a) "Capitalism."
(b) "Republican realism."
(c) "Objective reality."
(d) "Consumerism."

2. With what Tea Party member did Matt Taibbi travel around Nevada in Chapter 1?
(a) Michele Bachmann.
(b) Sarah Palin.
(c) James Williams.
(d) Bill Parsons.

3. According to the author, the goal of Goldman-Sachs is to ___________,
(a) Make the poor richer.
(b) Make the country stronger.
(c) Make intuitive decisions.
(d) Make the rich richer.

4. The Bear Stearns Companies, Inc. was based in what US city?
(a) Los Angeles.
(b) New York.
(c) Chicago.
(d) Seattle.

5. The Internet bubble was one of the worst financial disasters of all time where _________ was lost on the NASDAQ alone?
(a) $5 billion.
(b) $10 billion.
(c) $2 billion.
(d) $5 trillion.

Short Answer Questions

1. What refers to a form of government in which engineers, scientists, health professionals, and other technical experts are in control of decision making in their respective fields?

2. Who appointed Alan Greenspan as the Federal Reserve chairman?

3. When was Ronald Reagan born?

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

5. Goldman-Sachs is headquartered at what address in New York City?

(see the answer key)

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