During recent Global Economic Crises, U.S. household liabilities have
A) increased
B) decreased
C) remained the same
D) quadrupled
B
You might also like to view...
Which of the following is the most likely cause of most recessions according to the Keynesian model?
a. a fall in productivity. b. an increase in taxation and government spending. c. a fall in expected profits. d. a rise in the price of oil. e. a fall in the money supply.
Which of the following is not a characteristic of pure capitalism?
a. private property rights b. competitive markets c. laissez-faire policies d. central planning e. a reliance on prices to direct resources to their best uses
If the electric company is allowed by regulators to earn only a normal profit, it will produce at the point where
a. MR = MC b. P = MC c. MC = quantity demanded d. P = AC e. MR = AC
The income effect is the
A) increase in the interest rate caused by an increase in Real GDP. B) increase in the interest rate due to a higher expected inflation rate. C) decrease in the interest rate due to an increase in the supply of loanable funds. D) change in national income brought about by a change in interest rates. E) rate of change in national income brought about by a change in the supply of money.