All of the following took place during the economic crisis that began in 2007 EXCEPT:
A) the financial system was disrupted
B) large portions of the U.S. economy were cut off from the funds they needed to thrive
C) there was a devastating decline in the production of goods and services throughout the economy
D) unlike households, most businesses still had easy access to funds
D
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Who is cyclically unemployed?
A) Katrina, an assistant manager who quit her job to search for a better job closer to home B) David, a new car salesman who lost his job because the economy went into a recession C) Samantha, who quit her job to return to college to earn her MBA D) Casey, who lost his job because the technology changed so he was no longer needed E) Kathy, a steelworker who was laid off but has stopped looking for a new job because she can't find a new job
In the classical model, markets clear
a. in the short run b. every month c. immediately d. in the long run e. as soon as any shock occurs
Give an appropriate remedy for correcting excessive pollution and note any difficulties in implementing it
Price discrimination is always illegal
a. True b. False Indicate whether the statement is true or false