All of the following are possible outcomes of a financial crisis EXCEPT
A) bank failings and disintermediation.
B) decreases in investment.
C) a recession.
D) a sure competitive advantage accompanied by a comparative advantage.
E) depreciation or devaluation of a currency.
D
You might also like to view...
The government's provision of nonexcludable public goods such as national defense is accepted because
A. government is more efficient than private firms at producing goods. B. the market fails to produce nonexcludable public goods as a result of the free-rider problem. C. people do not value public goods such as national defense very highly. D. a and c E. all of the above
If the asset market is in equilibrium, the growth rate of the nominal money supply minus the growth rate of real money demand equals
A) the real interest rate. B) the inflation rate. C) the price level. D) the growth rate of real output.
Workforce explanations of the productivity changes in the 1973-1995 period include
a. rising SAT scores. b. declining SAT scores. c. rising educational attainment. d. falling levels of average educational attainment.
The demand for farmland will increase if:
A. the demand for food decreases. B. technological advances make land more productive. C. the price of farm labor increases and the output effect exceeds the substitution effect. D. the supply of farmland increases.