Many bank failures, ranging from the savings and loan crisis in the U.S. to bank failures in Japan, stem in part from collapsing real estate prices and defaults on real estate loans
Indicate whether the statement is true or false
true
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A reduction in the price level will cause the aggregate demand curve to shift to the left
a. True b. False Indicate whether the statement is true or false
The characteristics that money should have include:
A. portability, durability, and flexibility. B. durability, flexibility and stability. C. durability, portability, and non-homogeneity. D. scarcity, portability, and divisibility.
Tuition and fees for four year colleges in the United States have risen over five percent per year in the recent past. One cause for the increase in price has been an increase in demand for college education. In the standard model, what could be a possible explanation for the increase in the demand for college education?
A. More colleges have been established B. The cost of two-year colleges has declined over the same period C. Income in the United States has risen D. The price of all other goods in the economy has risen 3 percent over the same period
Consider two straight-line PPFs. They have the same vertical intercept, but curve I is flatter than curve II. The opportunity cost of producing the good on the vertical axis
What will be an ideal response?