The Great Recession of 2007-09 was triggered by a:
A.
Steep rise in bond values
B.
Steep decline in housing prices
C.
Sharp increase in oil prices
D.
Sharp decline in the value of the U.S. dollar
B.
Steep decline in housing prices
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The federal funds market refers to the market where:
A) the Fed obtains loans of reserves from central banks of other nations. B) the federal government borrows overnight funds from the Fed. C) banks obtain loans of reserves from each other. D) there are no predetermined rates of interest on loans and the highest bidding borrower gets the loan.
Deregulation has dramatically decreased airline safety.
Answer the following statement true (T) or false (F)
The U.S. interest rate has ________ on the supply of dollars and has ________ on the demand for dollars
A) an effect; an effect B) no effect; no effect C) an effect sometimes; an effect sometimes D) no effect; an effect E) an effect; no effect
Refer to the figure above. What is the domestic production of pens in Lithasia, after the economy opens up to free trade?
A) 6 units B) 12 units C) 16 units D) 22 units