The government bailed out banks deemed too big to fail through all of the followings except:
A. increased government spending.
B. fiscal policy.
C. the Troubled Asset Relief Program, commonly known as TARP.
D. breaking them to several entities.
D. breaking them to several entities.
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Which of the following statements is NOT true?
A) Unemployment in the US economy represents an excess demand for labor. B) A surplus may be reduced by shifting the demand curve rightward. C) A surplus may be reduced by shifting both the supply and demand curves. D) A shortage may be reduced by shifting the supply rightward.
Technological advances shift the supply curve rightward
a. True b. False Indicate whether the statement is true or false
Suppose Jennifer derives $100 in marginal benefits from her first skiing trip and $80 from her third tri
A) more than $100. B) between $100 and $80. C) between $79 and $51. D) less than $51. E) some amount that cannot be calculated without additional information.
Real GDP in a given year is
A) GDP valued in the prices of the base year. B) GDP valued in the prices of that year. C) always less than nominal GDP for the same year. D) GDP adjusted for the value of intermediate goods.