When the financial crisis occurred, policy makers were more concerned about the deficit than they were about addressing the financial crisis.
Answer the following statement true (T) or false (F)
False
The deficit, while important, took a backseat to getting the economy out of the financial crisis. The belief was that the economy would eventually grow, and the deficit would decrease.
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Which of the following statements is true?
a. The Federal Reserve System was established by the U.S. Constitution b. The Federal Reserve System was established immediately after the Civil War. c. The Federal Reserve System was established in 1913. d. The Federal Reserve System was established during the Great Depression. e. The Federal Reserve System was established immediately following World War II.
A country cannot develop without a large natural resource base
a. True b. False Indicate whether the statement is true or false
The crowding-in effect results from
a. a low MPS. b. induced investment. c. induced consumption. d. rising interest rates.
Consider the market for ride-on lawn mowers and the recent increases in the price of oil. The recent increase in the price of oil makes it more expensive to manufacture ride-on lawn mowers. An increase in the price of oil also makes it more expensive to run a ride-on mower. What is likely to happen to equilibrium price and quantity of lawn mowers as a result in the changing price of oil? Supply and demand will both:
A. increase, increasing equilibrium price and having an indeterminate effect on quantity. B. increase, increasing equilibrium quantity and having an indeterminate effect on price. C. decrease, increasing equilibrium price and having an indeterminate effect on quantity. D. decrease, decreasing equilibrium quantity and having an indeterminate effect on price.