About one out of every _______ whites is poor.
Fill in the blank(s) with the appropriate word(s).
12
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What is the term referring to the situation when a central bank makes short-term loans available in situations of severe financial panic or stress?
a. deposit insurance b. lender of last resort c. reserve insurance d. Fed loans
In the base year, real GDP ________ nominal GDP.
A. is equal to B. could be greater than or less than C. is less than D. is greater than
The most likely explanation for why the U.S. government was not worried about the growth in deficits caused by expansionary policy was they:
A. expected that the economy would grow out of the deficit. B. knew they could pass significant tax increases to manage the deficit. C. wanted to make the dollar exchange rate favorable compared to the Yuan. D. wanted inflation to occur in order to wipe out the value of government debt.
All other things being equal, quantity supplied of agood rises when the price of a good rises, and falls when the price of the good falls
What will be an ideal response?