The Great Depression was marked by non-farm housing slumps and falling real estate prices, prompting many states to impose a moratorium on residential mortgage foreclosures
Indicate whether the statement is true or false
True
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In the equation of exchange, V indicates the:
A. value or purchasing power of the dollar. B. number of times per year the average dollar is spent. C. quantity of real output. D. reciprocal of the price level.
The ________ in unemployment that occurs during recessions and depressions is called ________ unemployment.
A. increase; natural B. increase; frictional C. increase; cyclical D. decrease; structural
The probably effect of introducing an increased number of automatic teller machines is to
A) increase money demand, shifting the LM curve up and to the left. B) increase money demand, shifting the LM curve down and to the right. C) decrease money demand, shifting the LM curve up and to the left. D) decrease money demand, shifting the LM curve down and to the right.
An example of a good that creates a positive network externality is:
A. social network websites (e.g. Facebook). B. the telephone. C. a workers' union. D. All of these are examples of good that create positive network externalities.