73. On a relative basis, which is the highest risk investment? a. Growth stocks b. Cryptocurrencies C . Corporate bonds d. Mutual funds 74. Eleven-year-old Mervin observes that boys who play basketball are taller than the other boys their age. He tells his Mom that he's going to play basketball because it will make him taller. Poor little Mervin Has mistaken correlation for causation Has the will power to make it happen C . Has committed the fallacy of composition d. Has been hanging around tall girls too long 75. When minimum wages rise, employers often to offset the added costs. a. Hire fewer workers b. Lower prices on existing products they sell c. Raise expenses d. All the above velomanu 76. The four phases of a business cycle are: a. Expansion, depression, contraction, trough Expansion, peak, fluctuation, reinvention c. Expansion, peak, contraction, trough Expansion, innovation, fluctuation, trough 77. When the government uses interest rates and the sale and purchase of government securities to influence the economy, it uses a tool called a. Fiscal policy b. Monetary policy C . Economic policy d. Bond subsides 78. The Federal reserve can reduce the money supply of the U.S. by a. Lowering reserve requirements banage of oldslieve everdeblorisep off amoon wit us b. Raising reserve requirements C . Seeking additional budgetary items d. Reducing budgetary items