The FDIC was created because
A) the Fed kept the required reserve ratio too low.
B) banks failed to create money the way the Fed wanted them to.
C) people worried about bank failures after World War I, even though very few banks actually failed.
D) there were so many bank failures in the 1930s.
D
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Data from the United States and the United Kingdom show that the short-run Phillips curve exhibits
A) positive slopes in both nations. B) shifts that occur every five years or so. C) a great deal of shifting. D) stability with shifts occurring only when there is an internal change of government. E) stability with shifts occurring only when external forces are strong.
What is opportunity cost?
What will be an ideal response?
Suppose the Fed implements a monetary expansion that is at least partially unexpected. Explain what effect this will have on stock prices
What will be an ideal response?
Which of the following would cause an increase in aggregate supply?
A) An increase in factors of production B) An increase in foreign demand for goods C) A decrease in productivity D) An increase in government spending