A factor tending to slow the U.S. economy early in the recession of 2007-2009 was
A. historically-low interest rates.
B. sharply-rising crude oil prices.
C. unprecedented levels of federal deficit spending.
D. rapid growth of the money stock.
Answer: B
You might also like to view...
If each case of detergent were sold at $30, determine the amount of the shortage or surplus that would result.
Consider the market for a Procter and Gamble biodegradable detergent. Suppose that market demand is QD = 120 – 3P, and market supply is QS = –50 + 2P, where P is the price per case and Q is the quantity in thousands per week.
Suppose you borrow $1,000 at 8% for 2 years. If the interest is compounded annually, how much money will you owe at the end of those 2 years?
A. $1,080.00 B. $1,160.00 C. $1,166.40 D. $1,345.60
Providing medical services for smaller fees to the poor than to the rich is
a. misplaced charity. b. benevolent pricing. c. price discrimination. d. social pricing.
The private market:
a. tends to overproduce public goods because they are nonrivlarous b. can produce public goods more efficiently than the government can c. earns excessive profit on public goods