The Lehman Brothers bankruptcy triggered a financial panic that featured
a. an increase in Treasury interest rates and an increase in most other interest rates.
b. an increase in Treasury interest rates and a decrease in most other interest rates.
c. a decrease in Treasury interest rates and an increase in most other interest rates.
d. a decrease in Treasury interest rates and a decrease in most other interest rates.
c
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Among the advantages of the least-squares trend analysis techniques is
A) the ease of calculation. B) relatively little analytical skill required. C) its ability to provide information regarding the statistical significance of the results. D) All of the above
To determine the number of workers hired, the firm
a. looks to where MRP = the wage rate. b. looks to the point of maximum difference between MRP and the wage rate. c. looks to the point of maximum MRP. d. looks to the point of MRP = 0.
Which of the following statements regarding poverty in the United States is correct?
a. There are as many poor African Americans as there are poor whites. b. The incidence of poverty is lower among females than among males. c. The incidence of poverty is higher among African Americans than among whites. d. Most of the poor people in the United States are elderly (over age 65).
Government programs that automatically shift the government budget toward a deficit during recessions and a surplus during recoveries are called
a. discretionary fiscal policy. b. automatic stabilizers. c. progressive taxation. d. price deflators.