In 2008, the Fed responded to the financial crisis by:
A. doing nothing, and allowing the automatic stabilizers to bring the economy back to its long run equilibrium.
B. reducing money supply.
C. increasing the interest rates to encourage people to save, so banks would have more money on hand to lend.
D. offering nearly unlimited short-term financing to any bank that suddenly found itself short on cash.
Answer: D
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Jess owns a sandwich shop. the price of a sandwich recently increased from $5 to $7. jess responded by increasing the quantity of sandwiches she supplied from 70 to 90 per day. using the midpoint method, jess's price elasticity of supply is equal to
a. 4 00. b. 0.75. c. 1.33. d. 3.00. e. 1.50.
Human capital is the equipment and machinery used directly by workers
a. True b. False
The minimum point of the average total cost curve is called the efficient scale
a. True b. False Indicate whether the statement is true or false
As far as contributions to a professional sports team's bottom line are concerned, players generally receive
a. about what they are worth. b. about half of what they are worth. c. about ten times more than what they are worth. d. about twice what they are worth.