Scott received a great money-saving credit card offer in the mail complete with a frequent-flyer reward program. he reads on further to find that the one mile for every dollar spent may not be such a great offer after all because he gets a $500 airline ticket only after he acquires 25,000 miles or spend $25,000. this is a schedule.

The former chairman of the federal reserve, alan greenspan, used the term "irrational exuberance" in 1996 to describe the high levels of optimism among stock market investors at the time. stock market indexes such as the s& p composite price index were at an all-time high. some commentators believed that the fed should intervene to slow the expansion of the economy. why would central banks want to clamp down when the economy is growing? a. to block the formation of unsustainable speculative asset bubbles. b. to curtail excessive profits in the banking system. c. to prevent inflationary forces from gathering momentum. d. all of the above. e. a and c only.