During the 2007-2009 financial crisis which of the following temporarily became the largest component of assets on the Fed's balance sheet:
A. foreign exchange reserves.
B. U.S. Treasury securities.
C. loans.
D. mortgage backed securities.
Answer: D
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Macroeconomics is best described as the study of
A) the nation's economy as a whole. B) very large issues. C) the choices made by individual households, firms, and governments. D) the relationship between inflation and wage inequality.
Explain the concepts of consumer surplus, producer surplus, and cooperative surplus
What will be an ideal response?
Mode income is
A) the most common income. B) the average income. C) the middle income level. D) the same as money income.
In less developed economies, the distribution of income is
a. more concentrated (i.e., distributed less evenly) than in developed economies b. less concentrated than in developed economies c. such that the bottom 20 percent of households define the poverty threshold d. such that the top 20 percent of households define the poverty threshold e. completely even