Recessions are largely the result of
A) high wages.
B) the wishful thinking of zero economic growth advocates.
C) widespread and systemic errors from manipulated market signals.
D) none of the above.
C
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Deposit insurance is a system in which the government guarantees that:
A. people can have deposits at commercial banks. B. commercial banks will not lose any deposits. C. depositors will not lose any money even if their bank goes bankrupt. D. commercial banks will not go bankrupt.
In the case where the spot and forward rates are equal, the currency is said to be selling
A) profitably. B) flat. C) normal. D) risky.
Ever since the birth of Keynesian economics in the 1930s,
a. controversy has developed over the extent to which government should play an active role in managing the economy. b. controversy has developed over the extent to which markets should play an active role in managing the economy. c. agreement has developed over the extent to which government should play an active role in managing the economy. d. agreement has developed over the extent to which markets should play an active role in managing the economy.
Refer to the accompanying figure. If the price of this good is initially $3, and price falls by a few cents, then what will happen to total expenditure on this good?
A. Total expenditure will rise. B. Total expenditure will fall to 0. C. Total expenditure will not change. D. Total expenditure will fall.