The biggest wave of bank failures in the U.S. occurred:
A) during the Great Depression. B) before the Great Depression.
C) during 2007 to 2009. D) in the early 1990s.
A
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Answer the following statement(s) true (T) or false (F)
1. When an increase in marginal productivity increases workers' nonlabor income, the effect on the quantity of labor supplied is ambiguous. 2. A permanent increase in workers' marginal productivity causes employment to rise by more than if the increase were temporary. 3. A technological improvement that is permanent is more likely to raise employment than one that is temporary. 4. Education is partly investment but also partly consumption. 5. All other things being equal, firms that provide on-the-job training to workers will tend to pay higher wages.
Which of the following is CORRECT? The demand for money
A) increases as real GDP increases. B) decreases as the price level increases. C) depends on the quantity of money. D) increases when the nominal interest rate rises.
The high salaries paid to sports superstars in the United States are determined by
a. government regulations. b. league regulations. c. joint decisions by the club owners. d. consumer demand.
The purpose of convention is
A) to create a Nash game. B) to determine one equilibrium out of a multi-equilibrium situation. C) to offer multiple choices to players. D) all of these choices.