In 2008, the Treasury and Federal Reserve took several actions in response to the deepening financial crisis
One action was the creation of the Term Securities Lending Facility, under which the Fed will loan up to $200 billion of treasury securities in exchange for
A) stock. B) corporate bonds.
C) mortgage-backed securities. D) required bank reserves.
C
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The above figure shows the Lorenz curve for wealth for the nation of Rusha. The wealthiest forty percent of the population own what percent of wealth?
A) 40 percent B) 50 percent C) 60 percent D) 100 percent
A monopsony is an example of:
A. a buyer holding market power. B. a seller holding market power. C. an efficient market with no market power. D. a single seller holding all market power.
The percentage of national income spent on health care
A. has steadily decreased since 1965. B. decreased until the end of the 1970s and then increased in the 1980s and 2000s. C. increased until the end of the 1970s and then decreased in the 1980s and 2000s. D. has steadily increased since 1965.
Which of the following statements about the Social Security, Medicare, and Medicaid programs is true?
A) Spending on these three programs will rise from 10.4% of GDP currently to 19.7% of GDP by 2040. B) Costs are being driven up by the fact that Americans are living longer and medical costs are rising substantially. C) Some economists have argued for decreasing taxes to help with these programs' funding problems. D) Some economists have argued for increasing benefits to help with these programs' funding problems.