Banks that were so large in terms of assets or customers, or so historically important, that banking regulators allowed the bank to keep operating despite insolvency after the housing market crash were called:
A. too large to fail.
B. too small to fail.
C. too large to succeed.
D. too small to succeed.
Answer: A
Economics
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The MPC is 0.90 and there are no income taxes or imports. If government expenditures on goods and services increases by $2.0 billion, after the multiplier effect works out, aggregate expenditure increases by
A) $2.22 billion. B) $2.0 billion. C) $10 billion. D) $20 billion. E) $1.8 billion.
Economics
How do recent current account deficits compare to GNP and to past ratios?
What will be an ideal response?
Economics
The minimum wage is a good example of a price floor
Indicate whether the statement is true or false
Economics
During the recession of 1980-1982, output, the inflation rate, and the interest rate all increased.
Answer the following statement true (T) or false (F)
Economics