The Great Depression of the 1930s
A. confirmed the value of a “hands off” policy for governments.
B. was exacerbated by an expansionary monetary policy.
C. was a worldwide event.
D. continued throughout the 1940s without any interruption.
Answer: C
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Refer to Table 15-2. What is the profit-maximizing quantity and price for the monopolist?
A) Quantity = 10 cases, Price = $7 B) Quantity = 8 cases, Price = $9 C) Quantity = 7 cases, Price = $10 D) Quantity = 9 cases, Price = $8
To avoid maturity mismatches, most financial intermediaries tend to
A) have assets whose maturities on average exceed the maturities of their liabilities. B) have assets whose maturities on average are less than the maturities of their liabilities. C) have assets whose maturities on average mirror the maturities of their liabilities. D) hold primarily real assets.
A $2,000 decrease in investment will shift the aggregate expenditures curve down by:
a. exactly $2,000 and will decrease the equilibrium level of real GDP by exactly $2,000. b. exactly $2,000 and will decrease the equilibrium level of real GDP by less than $2,000. c. exactly $2,000 and will decrease the equilibrium level of real GDP by more than $2,000. d. less than $2,000 and will decrease the equilibrium level of real GDP by less than $2,000.
Norberto is opening a bicycle shop, and his monthly expenditures to get the shop up and running exceed his monthly income. Norberto is best described as a
a. saver or as a supplier of funds. b. saver or as a demander of funds. c. borrower or as a supplier of funds. d. borrower or as a demander of funds.