What is the "doom loop" responsible for the rapid development and severity of the 2009 euro crisis?
What will be an ideal response?
The "doom loop" refers to the feedback loop that runs from private bank distress to central bank distress to further private bank distress and so on, increasing in magnitude as it goes. During the euro crisis this process was evident in several euro zone countries.
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Growth in the Solow residual was slowest in the
A) 1950s. B) 1960s. C) 1970s. D) 1980s.
The innovations that allowed robust economic growth between 1950 and 2000
A. were unrepeatable. B. were never really that important. C. were repeated in the period after 1980 but didn't have the same impact. D. were focused on entertainment.
If we counted the value of non-cash, or in-kind, benefits given to the poor by the government, the poverty rate would be
A. higher. B. lower. C. not affected.
In the long run, if imports increase, then exports
A. will not change. B. will become zero. C. will decrease. D. will also increase.