Which statement is true about the banking industry in the 1920s?
a. Consumer confidence in banks increased during the 1920s.
b. Bank failures caused by depositors withdrawing their money in large numbers were common.
c. Bank executives were generally corrupt and were the primary cause of bank troubles.
d. The industry was severely depressed during most of the decade.
a. Consumer confidence in banks increased during the 1920s.
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Rational choice
A) is a choice that uses the available resources to best achieve the objective of the person making the choice. B) is always efficient. C) is what you must give up to get what you want. D) is made by comparing different incentives. E) provides the answer to only the "how" question.
Economists can be college professors or business analysts. If there is an increase in businesses' need for economic analysis,
a. the wage of economists will tend to decrease. b. colleges will have to pay less money to hire economists as professors. c. more economists will decide to become professors. d. fewer economists will decide to become business analysts. e. All of the above.
What are the characteristics of a market that allow a monopolist to successfully price discriminate between groups?
What will be an ideal response?
Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting downward C. Aggregate demand shifting rightward D. Aggregate demand shifting leftward