If a sharp drop in asset prices forces borrowers to sell off additional assets, then asset prices will ________.
A. become sticky downwards
B. start to rise
C. fall further
D. not fall any further
Answer: C
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In response to accounting scandals in 2002, the federal government passed legislation requiring, among other things, that auditors disclose any potential conflicts of interest. What is the name of this legislation?
A) the Accountant Reliability Act B) the 24th amendment to the Constitution C) the Kennedy-Lott Act D) the Sarbanes-Oxley Act
A decrease in the supply of sugar increases the price of sugar from $1.00 a packet to $1.25 a packet. The quantity decreases from 100 packets a day to 80 packets a day. The price elasticity of demand of sugar is ________
A) 0.75 B) 0.5 C) 1.0 D) 1.25
What is the relationship between the marginal cost, minimum supply-price, and supply?
What will be an ideal response?
By focusing the customers on the price of a product, you make
a. The demand for the product more inelastic b. The customers less price sensitive to the product c. The demand for the product more elastic d. Only B&C