The worst financial crisis in history was the:
A. Great Recession.
B. South Seas bubble.
C. housing bubble of 2007.
D. Great Crash of 1929.
Answer: D
You might also like to view...
If real GDP grows by 3 percent, the velocity of circulation grows by 4 percent, and the quantity of money grows by 3 percent, then in the long run the inflation rate is
A) 0 percent. B) 7 percent. C) 10 percent. D) 4 percent. E) -4 percent.
When analyzing the effects of the government budget deficit
A) no distinction must be made between an economy where full employment exists and one where substantial unemployment exists. B) it is important to examine the effects of the reported capital budget and the reported operating budget separately. C) there should be a comparison of the effect of the deficit to the effects of higher taxes needed to eliminate it. D) the baseline budget should be used since it is the most accurate.
To minimize distortion and errors, it is best to ensure the shortest path between the source of the information and its user
Indicate whether the statement is true or false
Assume that the central bank purchases government securities in the open market. If the nation has low mobility international capital markets and a flexible exchange rate system, what happens to the quantity of real loanable funds per time period and reserve-related (central bank) transactions in the context of the Three-Sector-Model?
a. The quantity of real loanable funds per time period falls, and reserve-related (central bank) transactions become more negative (or less positive). b. The quantity of real loanable funds per time period falls, and reserve-related (central bank) transactions remain the same. c. The quantity of real loanable funds per time period and reserve-related (central bank) transactions remain the same. d. The quantity of real loanable funds per time period rises, and reserve-related (central bank) transactions remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.