Which of the following was not a contributing factor to the high rate of bank failures in the 1980s and 1990s?
a. Falling farm prices
b. The introduction of Automated Teller Machines (ATMs)
c. Falling land values
d. Bad loans to Mexico and other less-developed countries
e. Risky investments
B
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Based on the figure below. Starting from long-run equilibrium at point C, a decrease in government spending that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at__ creating _____gap.
A. B; no output B. D; an expansionary C. B; recessionary D. D; a recessionary
One of the conclusions of the model of monopoly is that the firm earns economic profits above the required opportunity cost of the factors of production. Are these profits lost to society? Do they take spending power from the economy, and act as a brake on economic growth?
What will be an ideal response?
What is an import quota?
a. a legal limit on the quantity of foreign goods imported b. a tax assessed on foreign goods c. a price limit on foreign goods d. a contract to sell foreign goods to domestic retailers
A cooperative outcome in a situation where one nation pegs to another would be that the:
A) center country abandons its own stabilization policy in favor of the home country. B) home country absorbs the losses resulting from the stabilization policy in the center country. C) center country makes concessions, recognizing the impact on the home country, thereby sharing the pain. D) peg is temporarily abandoned.