As in the United States, an important factor in the banking crises in Norway, Sweden, and Finland was the
A) financial liberalization that occurred in the 1980s.
B) decline in real interest rates that occurred in the 1980s.
C) high inflation that occurred in the 1980s.
D) sluggish economic growth that occurred in the 1980s.
A
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If a country had a nominal GDP of $753 million, and the GDP deflator was 90, what is the real GDP?
a. $685 million b. $828 million c. $836 million d. $863 million
If there is a recession, the Fed would most likely
a. encourage banks to provide loans by lowering the discount rate b. encourage banks to provide loans by raising the discount rate c. restrict bank lending by lowering the discount rate d. restrict bank lending by raising the discount rate e. restrict bank lending by lowering the federal funds rate
Which of the following events would bring about a change in the value of the marginal product of labor?
a. technological progress that alters the amount a worker can produce b. a change in the marginal product of labor c. a change in the price of the product that the firm sells d. All of the above are correct.
Explain what is meant by "internalizing an externality," and describe three methods by which this can be done.
What will be an ideal response?