During recent Global Economic Crises, consumers' real wealth in the U.S. declined as a result of
A) the stock market crash, pricking of the housing bubble, and the increased household borrowing.
B) the expansionary fiscal policy, and the expansionary monetary policy.
C) the lack of fiscal and monetary policy coordination.
D) the banks' decision not to issue additional loans.
A
You might also like to view...
The saving schedule shows the relationship of saving of households to the level of
A. disposable income. B. consumption. C. the average propensity to save. D. investment.
James used $250,00 . from his savings account that paid an annual interest of 15% to purchase a hardware store. After one year, James sold the business for 320,000 . His accountant calculated his profit to be:
a. $320,000 b. $70,000 c. $282,500 d. $32,500
Because a monopolistically competitive market is characterized by
A. many small sellers selling a differentiated product, each seller has some influence over its own price. B. a single seller of a product that has few suitable substitutes, the seller is a price maker. C. many small sellers selling a differentiated product, one seller's change in price has a large effect on the market price. D. a few sellers selling a differentiated product, each seller bases its decisions on the expected decisions of its rivals.
If demand curve D2 represents a monopolistic competitor, then its demand would be __________ elastic than D1 but __________ elastic than D3.
A. less; more
B. more; less
C. less; less
D. more; more