During the financial crisis of 2007-09, the prices of U.S. Treasury securities
A) rose and the price of corporate bonds declined.
B) fell relative to the prices of corporate bonds.
C) remained in the same relative position to the prices of corporate bonds.
D) were frozen by order of the federal government.
A
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Goods and services are produced by using four factors of production:
A) land, labor, capital, and entrepreneurshi
When the price of a good changes, the substitution effect occurs because:
a. the consumers' real income measured in terms of that good changes. b. the relative price of that good changes compared to other goods in the consumption bundle. c. the total utility of that good decreases. d. the marginal utility of that good decreases. e. consumers have an incentive to substitute irrational behavior for rational behavior.
The FDIC helps prevent
A. risky behavior on the part of bankers. B. bank runs. C. inflation. D. risky behavior on the part of depositors.
As the economy ________, the size of the multiplier will become smaller.
A. slows B. approaches full employment C. experiences stagflation D. goes into a recession