In September 2007 the British bank Northern Rock which specialized in home mortgages experienced a noteworthy bank run
a. True
b. False
Indicate whether the statement is true or false
True
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The self-correcting tendency of the economy means that rising inflation eventually eliminates:
A. unemployment. B. exogenous spending. C. recessionary gaps. D. expansionary gaps.
When the Chinese government buys U.S. government bonds, from the perspective of the United States, this is a(n):
A. capital inflow. B. export. C. import. D. capital outflow.
All of the following are measures of market power except the:
A) Lerner Index. B) Minimum-Efficient Scale Index. C) four-firm concentration ratio for an industry. D) Herfindahl-Hirschman Index.
The business cycle peak associated with the Great Recession was in
A. November 2001 when the prior expansion started. B. September 2008, when the Great Recession became very severe. C. June 2009, when the Great Recession ended. D. December 2007 when the Great Recession started.