Which of the following statements about the financial crisis that began in 2008 is true?
A) It was a great illustration of how interdependent national economies are.
B) Most economists agree that it originated in China.
C) It only lasted 3 weeks.
D) It only affected housing markets.
A
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Suppose there is a bank panic. Which of the following would not be a consequence of this bank panic?
A) Bank total reserves would decrease. B) Bank checking account balances would decrease. C) Required reserves would increase. D) The economy would likely enter into a recession. E) Individual banks would have to shrink the value of loans they made.
Many central banks around the world target an inflation rate of about ________, because of upward bias in measured inflation and to reduce the risk of deflation
A) -2%. B) 0%. C) 2%. D) 5%.
Refer to Scenario 17.3. If the fire protection program were not in place, the insurer would not be willing to ensure the warehouse for any amount less than
A) $80. B) $300. C) $3,000. D) $6,000. E) $300,000.
The sacrifice ratio of the Volcker disinflation was larger than previous estimates had predicted
a. True b. False Indicate whether the statement is true or false