Refer to the scenario above. The GDP deflator for Year 2 is ________
A) 240 B) 0.14 C) 87.5 D) 114.3
D
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The introduction of the practice of securitization allowed:
A. banks to more safely assume subprime mortgage loans. B. the government to promote a sense of security in the banking industry. C. banks to more safely leverage their investments. D. borrowers to feel better about taking out subprime loans.
A government subsidy to an industry having increasing returns to scale in order to capture international market share is an example of
a) an embargo b) a boycott c) strategic trade policy d) the Prebisch-Singer hypothesis e) import substitution
Because the Fed determines the money supply, the:
A. money supply curve is upward sloping. B. money supply curve is downward sloping. C. money supply curve is vertical. D. money supply curve is horizontal.
Refer to the graph shown. Initially, the market is in equilibrium with price equal to $3 and quantity equal to 100. Government imposes a tax on suppliers of $1 per unit. The effect of the tax is to:
A. lower the price sellers keep after paying the tax. B. raise the price consumers pay from $3 to $4. C. raise the price sellers keep after paying the tax. D. lower the price consumers pay from $3 to $2.