An exchange rate crisis may lead to a banking crisis and disintermediation
Indicate whether the statement is true or false
TRUE
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Which of the following results in a movement along the supply curve of spinach but does not shift the supply curve of spinach?
A) disastrous weather that destroys half of this year's spinach crop B) a rise in the price of spinach C) an increase in wages for workers in spinach fields D) great weather that produces a bumper spinach crop this year
With regards to money in the colonies,
(a) the colonies did not produce enough of their own precious metals to coin money. (b) the British did not allow the export of their own coins to the colonies but did not object to foreign coins flowing into the colonies. (c) the British did not allow paper money created by the colonies to be declared legal tender, but this policy did not prohibit the colonists' use of it. (d) all of the above apply.
Classical economics refers to an era in the history of economic thought that stretched from about
A) 1750 to the early 1900s. B) 1935 to the 1970s. C) 1800 to the mid 1900s. D) 1600 to the mid 1800s.
In the long run, a year-long drought that destroys most of the summer's wheat crops causes permanently:
A. higher prices. B. lower prices. C. lower output. D. None of these is true.