The Great Recession is remembered by most economists as a period of
A. hyperinflation.
B. high rates of unemployment.
C. price controls and low inflation.
D. the inability of the Federal Reserve to assist the financial system.
Answer: B
You might also like to view...
Refer to the scenario above. Which of the following statements will be true in steady state?
A) Economy A will have a lower capital stock and a greater GDP than economy B. B) Economy A will have a greater capital stock and a lower GDP than economy B. C) Economy A will have a greater capital stock and GDP than economy B. D) Economy A will have a lower capital stock and GDP than economy B.
A provision of the Affordable Care Act states that private insurance companies cannot deny coverage to anyone because of a preexisting medical condition
By offering health insurance to people with preexisting medical conditions, this provision eliminates ________ for both the insurance company and the policy holder, and eliminates ________ for the insurance company. A) moral hazard; asymmetric information B) asymmetric information; adverse selection C) asymmetric information; moral hazard D) adverse selection; moral hazard
Suppose an investment bank buys $100 million worth of mortgage-backed securities. It finances the purchase by borrowing $90 million and using $10 million from its equity
If the value of holdings of mortgage-backed securities declines by 5%, what is its return on equity investment?
On a coupon bond, the yield to maturity
A) always equals the coupon rate. B) equates the present value of all the bond's payments to its price today. C) increases when the market price of the bond increases. D) equals the coupon payment divided by the current price of the bond.