If government unemployment insurance payments did not rise during a? recession,
What will be an ideal response?
the economy would suffer as purchasing power of consumers would suffer.
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Use the following graph, which shows a change in the demand for pounds from D to D', to answer the next question.
Under a system of fixed exchange rates, ________.
A. the price of a pound will increase to $3 B. the price of a dollar will increase to 3 pounds C. the payment deficit will cause changes in price and income levels, which reestablishes the original exchange rate D. the shortage equal to b?a would be met using international monetary reserves
What was the purpose of the stress test administered by the Treasury in 2009?
A) Evaluate potential losses of Fannie Mae and Freddie Mac. B) Assess the viability of AIG. C) Gauge how well the largest financial firms would fare if the recession deepened. D) Evaluate the solvency of the major investment banks.
If the opportunity costs of producing a good increase as more of that good is produced, the economy's production possibility frontier will be
A. a negatively sloped straight line. B. negatively sloped and "bowed inward" toward the origin. C. negatively sloped and "bowed outward" from the origin. D. a positively sloped straight line.
A balance of trade surplus exists when
A. net exports are negative. B. imports exceed exports. C. net exports are positive. D. All of the choices are true.