The Federal Deposit Insurance Corporation
A. insures the open market operations of the Fed.
B. insures the deposits held by the Fed.
C. insures banks against lawsuits by depositors.
D. insures the deposits held in banks.
Answer: D
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When a profit-maximizing firm in a monopolistically competitive market is in long-run equilibrium,
a. the demand curve will be perfectly elastic. b. price exceeds marginal cost. c. marginal cost must be falling. d. marginal revenue exceeds marginal cost.
According to the assignment rule, which of the following policy mixes is appropriate for a country with high unemployment, a balance of payments deficit, and fixed exchange rates?
A. Expansionary fiscal policy and contractionary monetary policy B. Contractionary fiscal policy and contractionary monetary policy C. Contractionary fiscal policy and expansionary monetary policy D. Expansionary fiscal policy and expansionary monetary policy
A decrease in the currency exchange rate would shift the aggregate demand curve rightward, resulting in a higher equilibrium income and price level in the long-run
Indicate whether the statement is true or false
Which of the following was not a cause of the Great Recession?
a. The relaxation of banking rules and regulations that permitted speculation. b.Government incentives to increase home ownership. c. Government encouragement of creative home-buying strategies. d. Relaxation of bank underwriting standards. e. All of the above were causes of the Great Recession.