All of the following are possible outcomes of a financial crisis EXCEPT
A) bank failings and disintermediation.
B) a recession.
C) an increase in domestic consumption.
D) depreciation or devaluation of a currency.
C
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One model in economics is the permanent income hypothesis, which basically states that a household's expenditures will not react to a change in income unless that change in income is viewed as being permanent
How would you use this model to predict the expenditure patterns over the course of a year of a real estate agent who only sells homes during the months of April through July?
Macroeconomics is the branch of economics that focuses on:
a. broad issues such as growth, unemployment, inflation, and trade balance. b. the actions of particular agents within the economy, like households, workers, and business firms. c. the means of production (resources and businesses) that are owned and operated by private individuals or groups of private individuals. d. workers or firms, and whether they are well suited within the overall production process.
The movement of workers from lower productivity jobs to higher productivity jobs would be an example of a(n):
What will be an ideal response?
Refer to the above table. If net exports increased by $10 billion at each level of GDP, the equilibrium real GDP would be:
The table shows a private open economy. All figures are in billions of dollars.
A. Not determinate in the table
B. $610
C. $650
D. $700