What appears to have been one of the major causes of the Asian financial crisis?
What will be an ideal response?
Government directed credit programs
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A debt crisis may lead to a banking crisis
Indicate whether the statement is true or false
An advantage emission taxes and permits have over direct controls is that the former
a. work well even if pollution output cannot be accurately measured. b. can respond quickly to new information about the dangers of particular pollutants. c. make it in firms' interests to reduce pollution in the most efficient manner possible. d. reduce pollution to zero.
A price increase will always increase a firm's revenue
a. True b. False Indicate whether the statement is true or false
Assuming money neutrality in the classical model, a 10% increase in the nominal money supply would cause
A. a 10% decrease in the real money supply. B. no change in the real money supply. C. a 10% increase in the real money supply. D. a less-than-10% change in the price level due to a shift in the aggregate supply curve.