In the 1970s, _____
a. the market interest rate increased above the rate that banks could offer
b. banks and thrifts were able to borrow at low interest rates to support outstanding loans
c. the market interest rate decreased below the rate that banks could offer
d. banks and thrifts were forced to call in outstanding loans
e. banks and thrifts were bailed out by the FDIC
a
You might also like to view...
Which of the following statements is true?
A) According to the labor supply curve, as the real wage rises, more workers leave the labor force. B) According to the labor supply curve, as the real wage rises, employers are willing to provide fewer jobs. C) According to the labor supply curve, as the real wage rises, workers are willing to provide fewer hours of labor. D) According to the labor supply curve, as the real wage rises, workers are willing to provide more hours of labor. E) According to the labor supply curve, as the real wage rises, employers are willing to provide more jobs.
Typically, coffee and tea are
a. complements b. substitutes c. inferior goods d. unrelated goods e. nonmarket goods
Each point of a firm's supply curve represents a price-quantity pair where:
A. MC = MR. B. MC = ATC. C. P = min AVC. D. P = min ATC.
What assumption does the Ricardian model of comparative advantage make in terms of converting resources?
What will be an ideal response?