Losses in which holding resulted in BNP Paribas not allowing investors to redeem shares from three of its investment funds?
A) mortgage-backed securities
B) Lehman Brothers
C) Bear Stearns
D) Real Estate Investment Trusts
A
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A decrease in the price level
A) shifts the AD curve to the right.
B) shifts the AD curve to the left.
C) causes an upward movement along the existing AD curve.
D) causes a downward movement along the existing AD curve.
E) none of the above
When the value of one currency increases relative to the value of another currency, it has experienced:
A. exchange rate appreciation. B. interest rate depreciation. C. net capital inflow. D. exchange rate depreciation.
Which of the following actions did Congress take in the 1930s, in an effort to prevent future financial crises like the stock market crash of 1929?
A. Glass-Steagall Banking Act B. Bubble Act C. Formation of the CBO (Congressional Budget Office) D. Hastings Banking Act
Suppose the rest of the world experiences a recession that causes a reduction in foreign income (Y*). From the domestic economy's perspective, this reduction in foreign income will cause which of the following as the domestic economy adjusts to the drop in Y*?
A) a reduction in income and a reduction in imports B) a reduction in imports and an increase in net exports C) the NX line to shift up D) an ambiguous effect on net exports