Countries like Malaysia and Thailand that tried to maintain overvalued currencies in the late 1990s inevitably faced increased
A. balance of payments surpluses.
B. runs on their currencies.
C. balance of payments deficits.
D. both b and c.
Answer: D
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Since 1925, the longest recession in the United States lasted:
A. 120 months. B. 43 months. C. 60 months. D. 21 months.
A producer cooperative is a retail business owned and operated by some or all of its customers in order to reduce costs
Indicate whether the statement is true or false
Under a gold standard, if the market price of gold is above the official price of gold (set by the monetary authority), people will be more likely to sell gold __________________, which will cause the money supply to _______________ and the price level.to _______________
A) to the monetary authority; fall; fall B) to the monetary authority; rise; rise C) in the gold market; fall; fall D) in the gold market; rise; rise
One reason the decline in asset prices just before and during the 2008 recession undermined the health of the economy is that they:
A. raised the trade deficit when foreigners reduced purchases of U.S. assets. B. led to a contraction in consumer loans because the value of collateral declined. C. raised the value of the dollar making U.S. goods more expensive to foreigners. D. undermined consumer and business confidence.