As opposed to earlier crises, in the economic crisis of 2008-2009, the initial inability to pay came from
a. lending institutions.
b. firms and individuals.
c. states.
d. the U.S. federal government.
b. firms and individuals
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How does a contractionary monetary policy affect the labor demand curve in an economy?
What will be an ideal response?
Refer to the figure above. What is the equilibrium price and quantity of the light bulbs?
A) Equilibrium price = $25, Equilibrium quantity = 0 units B) Equilibrium price = $25, Equilibrium quantity = 15 units C) Equilibrium price = $15, Equilibrium quantity = 15 units D) Equilibrium price = $5, Equilibrium quantity = 15 units
In 2017, which group had the highest average salaries?
a. black women b. black men c. white women d. white men
A market:
a) Does not exist for the exchange of illegal goods and services. b) Must be approved by the government before it can exist. c) Must have a physical location so buyers and sellers can meet. d) Is any place where goods are bought and sold.