Which of the following financial institutions was acquired by Bank of America as a result of the financial crisis of 2007 and 2008?
A. Merrill Lynch
B. Lehman Brothers
C. Goldman Sachs
D. AIG
A. Merrill Lynch
You might also like to view...
Gordon notes that along with slow labor productivity growth in the period 1973-1995, real wages also grew slowly
What sort of productivity shocks are consistent with this explanation of the link between real wage growth and the growth of labor productivity? A) productivity shocks which decrease supply of labor given the demand for labor B) productivity shocks which increase supply of labor given the demand for labor C) productivity shocks which increase demand for labor given the supply of labor D) productivity shocks which decrease demand for labor given the supply of labor
If average total cost > average variable cost > price, a profit maximizing firm in a perfectly competitive market should:
A. continue to produce its current output level. B. shut down in the short run. C. increase its output level to minimize its loss. D. None of these
Answer the following statements true (T) or false (F)
1) The interest-rate effect is one of the determinants of aggregate demand. 2) The real-balances effect indicates that inflation makes the public feel wealthier and they therefore spend more out of their current incomes. 3) Other things equal, an increase in productivity will shift the short-run aggregate supply curve rightward. 4) In the immediate short run, both input and output prices are fixed. 5) An increase in wealth from a substantial increase in stock prices will move the economy along a fixed aggregate demand curve.
In many cities, the market for cab services is monopolized. This monopoly arises because:
a. of economies of scale. b. of government restrictions on the entry of new firms. c. there is a limited space on the streets for taxis. d. it protects the consumers from unscrupulous drivers. e. of high fixed costs of entering the business.