A banking panic occurs when
a. many banks fail simultaneously
b. banks do not earn enough profit
c. a bank exhausts all of its vault cash
d. individuals cannot withdraw money from a bank
e. bank officials fear they have made too many bad loans
A
You might also like to view...
When a recession ends, the turning point that immediately follows is called a
A) trough. B) peak. C) depression. D) None of the above answers is correct.
The figure above shows the costs and demand curves for the Bigshow Cable Company. If the regulator wants to set the price so that Bigshow earns the same normal profit as a perfectly competitive firm, what price should be set?
A) $8 B) $6 C) $4 D) $2
If Panama has a high opportunity cost of producing salmon steaks, then it should export salmon steaks
a. True b. False
Traditional treatments of macroeconomic expectations are not consistent with the assumptions of
A. microeconomics. B. Keynesian policy. C. fiscal policy. D. all of the above