All of the following were took place during the German hyperinflation in the 1920s EXCEPT
A) banks reduced lending.
B) some banks only made loans to customers who agreed to repay in terms of foreign currencies or commodities.
C) Deutsche Bank had to lay off many workers due to lack of business.
D) households and firms increased their demand for loans.
C
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?_________ results in slow or absent economic growth.
A. The absence of property rights B. The absence of democracy C. Diminishing returns to labor D. Diminishing returns to capital
A Keynesian short-run aggregate supply curve has a flatter portion and a steep portion. How does a decrease in aggregate demand affect the actual real GDP differently across these two portions?
a. There is a large decrease in the actual real GDP across the flatter portion and a small decrease in the actual real GDP across the steep portion. b. There is a large increase in the actual real GDP across the flatter portion and a small increase in the actual real GDP across the steep portion. c. There is a small decrease in the actual real GDP across the flatter portion and a large increase in the actual real GDP across the steep portion. d. There is a small increase in the actual real GDP across the flatter portion and a large increase in the actual real GDP across the steep portion.
The term "balance of payments" refers to a nation's:
A. goods exports minus imports. B. record of all international transactions. C. capital inflows minus outflows. D. official reserves inflows minus outflows.
Suppose you hear an investor say "I just don't have time to research the companies of the stock I buy, so I trust that the market has taken everything into account in setting current prices and just buy a well-diversified portfolio." You would understand that person to believe in
A. prayer. B. guesswork. C. technical investing. D. efficient markets.