The financial crisis and recession which began in 2007:
A. impacted only high-income countries.
B. did not impact the United States.
C. impacted many countries in the world.
D. impacted only low-income countries.
Answer: C
You might also like to view...
The interest rate the Fed charges on loans to depository institutions is known as
A) the federal funds rate. B) the Fed loan rate. C) the discount rate. D) the interbank clearing rate.
________ rational expectations, ________
A) Most people have always formed; but macroeconomists have only recently come to recognize this fact B) Macroeconomists have invented; and are trying to teach them to the general public C) Policy makers have devised; in search of more effective policies D) The latest information is an important input in; so most people must make do with adaptive expectations
A firm that cheats in a cartel earns a higher profit because: a. it can spill over its cost onto other firms
b. it suffers only a fraction of loss due to lower product price. c. it is able to charge a higher price for its output. d. it can decrease the output of other firms.
The graph for a monopolist’s profits shows that at output QM, the firm’s total cost is ______.
a. $100
b. $400
c. $600
d. $800