During the Financial Crisis of 2007-2008, Goldman Sachs, Morgan Stanley, and other financial firms with heavy exposure to the mortgage-related problems rushed to become bank holding companies in order to:
A. Follow the order of the U.S. Treasury
B. Obtain bail-out money from Congress
C. Get massive loans from the Fed
D. Acquire funds from the general public
C. Get massive loans from the Fed
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Assuming all else equal, any change that causes an increase in the credit supply at a given real interest rate will cause:
A) the credit supply curve to shift to the left. B) a downward movement along the credit supply curve. C) an upward movement along the credit supply curve. D) the credit supply curve to shift to the right.
Based on the figure above, if the firm produces 10 cans per day, the firm ________ maximizing its profit and is ________
A) is; incurring an economic loss B) is; making zero economic profit C) is; making an economic profit D) is not; incurring an economic loss E) is not; making zero economic profit
When business is profitable, corporate managers will prefer plowback to other sources of funding
a. True b. False Indicate whether the statement is true or false
If the number of unemployed equals 10,000, the number of employed equals 70,000, and the number not in the labor force is 20,000, the labor-force participation rate is
A. 60%. B. 70%. C. 80%. D. 90%.