Which of the following was not a reason for the financial collapse in 2008?
a. inaccurate ratings by S&P and Moody's
b. government promoting aggressive mortgage lending
c. pooling of mortgage backed securities
d. the absence of financial leveraging in the banking industry
d
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The figure above shows an education market in which the government is providing households with vouchers. What is the dollar value of a voucher in this market?
A) $4,000 B) $8,000 C) $12,000 D) $16,000 E) None of the above answers is correct.
As part of the "wealth channel of monetary policy," a higher money supply __________ bond prices and thus __________ spending
A) raises; raises consumption B) raises; raises investment C) lowers; lowers consumption D) lowers; lowers investment
You are the manager of a firm that sells its product in a competitive market at a price of $60. Your firm's cost function is C = 33 + 3Q2. The profit-maximizing output for your firm is:
A. 10. B. 6. C. 5. D. 3.
Which of the following expressions represents the dollar price of foreign currency?
A) EP/P B) EP/P C) 1/E D) E E) none of the above