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...
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.
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.
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