All of the following are possible outcomes of a banking crisis EXCEPT
A) depositors, but not banks, may lose all or a portion of their assets.
B) a recession due to decreases in consumption by households.
C) decreases in lending practices by banks.
D) decreases in investment.
E) a contagion effect of the crisis from vulnerable banks to financial institutions on sound basis.
A
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Susan Clark would like to work forty hours per week, but can only find twenty hours per week of work. In the official employment statistics, Susan is classified as:
A. out of the labor force. B. unemployed. C. underemployed. D. employed.
What is the key difference between the aggregate expenditure model and the aggregate demand/aggregate supply model?
A) The aggregate expenditure model examines monetary policy, whereas the aggregate demand/aggregate supply model does not. B) The aggregate demand/aggregate supply model assumes that the price level is fixed. C) The aggregate expenditure model assumes that real GDP is fixed. D) The aggregate expenditure model assumes that the price level is fixed. E) Monetary and real factors interact in the aggregate demand/aggregate supply model.
The range of values in which we can be confident that the true regression coefficient lies within a given degree of probability is called a:
A) prediction interval. B) confidence interval. C) logistic regression. D) none of the above.
Which of the following accurately explains the difference between slope and elasticity?
a. Slope uses percentage points; elasticity uses equilibrium points. b. Slope uses equilibrium points; elasticity uses percentage points. c. Slope uses relative percentage changes; elasticity uses units of measurement. d. Slope uses units of measurement; elasticity uses relative percentage changes.