If the federal government ________ during the financial crisis of 2008-2009, the negative wealth effect would likely have been larger.
A. had not bailed out the large financial institutions
B. had allowed the sale of the large financial institutions to foreign investors
C. had bailed out the large financial institutions
D. had not allowed the large financial institutions to declare bankruptcy
Answer: A
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Resources that are ________ tend to be carefully managed to provide profits, which ensures that they will last a long time
A) publicly held B) privately owned C) scarce D) abundant
Refer to Table 11.1. What is the value of personal consumption expenditures?
A) $3,000. B) $1,000. C) $4,350. D) $2,350.
In repeated games, all of the below make it easier to get out of bad situations except
a. Be nice, no strikes first b. Respond immediately to rivals c. Punish competitors as much as you can d. Make sure your competitors can easily interpret your actions
If nominal GDP is $8 trillion and real GDP is $10 trillion, then the GDP deflator is
a. 80, and this indicates that the price level has decreased by 20 percent since the base year. b. 80, and this indicates that the price level has increased by 80 percent since the base year. c. 125, and this indicates that the price level has increased by 25 percent since the base year. d. 125, and this indicates that the price level has increased by 125 percent since the base year.