For the two year period ending in 2008-2009, what has been the number of bank failures?
a. About 500
b. About 2,000
c. Fewer than 150
d. More than 5,000
e. Fewer than 1,000
C
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An increase in the money supply would cause the IS curve to
A) shift up and to the right. B) shift down and to the left. C) remain unchanged. D) shift up and to the right only if people face borrowing constraints.
In the traditional view, stocks are ____ than bonds to the firm that issues them and ____ than bonds to the investor who purchases them.
A. less risky; less risky B. less risky; riskier C. riskier; less risky D. riskier; riskier
When decision rights are decentralized, typically
a. decisions are being moved to those with less of the relevant information b. decisions are being moved to those with stronger incentives to make good decisions c. decisions are being moved to those with more of the relevant information d. decisions are being moved from those with weaker incentives to make good decisions
The progressive income tax is a money transfer system—from the taxpayer to government—and it is in the nature of this system that during recessions, less is taken from people than is taken in periods of prosperity. It is in this sense that the progressive income tax system is regarded by economists as
a. an unfair intervention in people's lives b. a countercyclical discretionary force c. a system that is unrelated to government spending d. an automatic stabilizer e. volatile and capricious