Which of the following is incorrect? The ill effects of the Great Recession were:
a. Mainly restricted to large financial institutions.
b. Mainly restricted to credit markets and had little effect on the real goods market.
c. Mainly restricted to the U.S. stock market.
d. Felt nationwide and had strong effects internationally.
e. All of the above are incorrect.
.D
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An increase in population results in an increase in demand
Indicate whether the statement is true or false
A good is normal for a consumer if
A) it is always consumed in a consistent quantity. B) its consumption rises when income rises. C) its consumption falls when income rises. D) some minimal level of the good must be consumed to assure the consumer's survival.
When the Fed raises the required reserve ratio, it:
a. lowers the cost of borrowing from the Fed, encouraging banks to make loans to the general public. b. raises the cost of borrowing from the Fed, discouraging banks from making loans to the general public. c. increases the amount of excess reserves that banks hold, encouraging them to make loans to he general public. d. increases the amount of excess reserves that banks hold, discouraging them from making loans to the general public. e. decreases the amount of excess reserves that banks hold, discouraging them from making loans to the general public.
The real problem for people in many _______________ countries is not that globalization through international trade has made their lives worse, but rather that they have so few good employment alternatives.
a. low-income b. high-income c. large d. small