The global financial crisis of 2007-2009 not only led to a worldwide recession, but also a ________ in the European nations that use the euro currency
A) currency devaluation
B) budget surplus
C) sovereign debt crisis
D) tax cut
C
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A curve that shows all of the alternative consumption bundles that the consumer likes equally well is called:
A. a budget constraint. B. an indifference curve. C. an individual demand curve. D. a consumption bundle curve.
Expansionary monetary policy consists of all of the following EXCEPT
A) open market sales. B) lower interest rates. C) increased monetary base. D) increased money supply.
Which of the following conclusions is not supported by the Three-Sector-Model?
a. A decrease in borrowing causes the real risk-free interest rate to fall and equilibrium quantity of real loanable funds to fall. b. An increase in the supply of a nation's real loanable funds reduces the real risk-free interest rate and increases the equilibrium quantity of real loanable funds. c. An increase in a nation's demand for goods and services within the intermediate range results in an increase in the real GDP and a higher GDP Price Index. d. An increase in the value of a nation's currency encourages domestic exports and discourages imports. e. All of the above are supported by the Three-Sector Model.
In the circular flow model of the market system, business firms:
A. Buy products and resources B. Sell products and resources C. Buy products and sell resources D. Sell products and buy resources