During the Great Depression of the 1930s, how much did output fall between 1929 and 1933?
a. 5 percent
b. 10 percent
c. 20 percent
d. 30 percent
e. 50 percent
Answer: d. 30 percent
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One source of the supply of dollars in the world is
A) the purchase of U.S. exports by foreign residents. B) the sale of U.S. domestic assets to foreigner residents. C) U.S. imports of foreign merchandise. D) U.S. sales of gold to foreigner residents.
Based on the graph showing how the subprime share of home mortgages grew rapidly before the big decline, by Q2 of 2008, the gap between adjustable mortgage rates and the share of subprime mortgages was ______.
a. the greatest it had ever been
b. the smallest it had ever been
c. narrowing
d. expanding
The key driver behind the crowding out phenomenon is
A. a decrease in real GDP. B. a decrease in the interest rate. C. an increase in real GDP. D. an increase in the interest rate.