Evidence from the Great Recession suggests that the crowding out effect:
A. was minimal at that time.
B. had a very detrimental effect on private savings.
C. can be quite large in times of recession, and is reinforced with recent research from 2008.
D. may hold, although the evidence is somewhat contradictory.
Answer: v
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All of the points inside a production possibilities frontier are ____; all of the points on the production possibilities frontier are ____.
A. efficient; inefficient B. inefficient; efficient C. attainable; unattainable D. rational; zero-cost E. unattainable; efficient
What are some of the main ways in which the economies of developing countries differ from one another?
What will be an ideal response?
One way to estimate GDP is to:
A. measure the total expenditure of an economy. B. add up all the money people spend buying final and intermediate goods and services. C. add together the market value of only final services sold in the economy. D. add together the market value of only final goods sold in the economy and not services.
Fractional reserve banking originated
A) when the United States Congress passed a law regarding the required reserve ratio. B) when goldsmiths realized they could issue warehouse receipts beyond gold on deposits. C) with the establishment of the Federal Reserve System. D) in the United States with the Clayton Act.