Some economists believe that the good times of the early 2000s were not sustainable due to:
A. an unsustainable financial bubble.
B. higher inflation rates.
C. higher deflation rates.
D. higher rates of crime.
Answer: A
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A bank has deposits of $100,000, reserves of $20,000, and loans of $80,000. If the desired reserve ratio is 10 percent, then its excess reserves are
A) 0. B) $8,000. C) $10,000. D) $2,000. E) $12,000.
Which type of unemployment is most likely to fall as a result of government policies that stimulate aggregate demand?
a. frictional unemployment b. structural unemployment c. natural unemployment d. cyclical unemployment
Banks create money when they make loans
a. True b. False Indicate whether the statement is true or false
A seller is willing to sell a product only if the seller receives a price that is at least as great as the
a. seller's producer surplus. b. seller's cost of production. c. seller's profit. d. average willingness to pay of buyers of the product.