In the 1980s, the number of bank failures increased dramatically in the United States, most of which were uninsured
a. True
b. False
Indicate whether the statement is true or false
False
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Those who favor smaller government tend to do what in order to make it more difficult for politicians to increase government spending? List at least two methods
What will be an ideal response?
Long-run macroeconomic equilibrium occurs when aggregate demand ________ short-run aggregate supply and they ________ the long-run supply curve
A) is greater than; intersect at a point to the left of B) equals; intersect at a point on C) equals; intersect at a point to the right of D) is less than; intersect at a point to the right of
Discuss some of the reasons why economists are concerned about the current recovery from the global financial crisis
What will be an ideal response?
When a tax is levied on the buyers of a good, the
a. supply curve shifts upward by the amount of the tax. b. quantity supplied increases for all conceivable prices of the good. c. buyers of the good will send tax payments to the government. d. demand curve shifts to the right by the horizontal distance of the tax.