The credit spread is countercyclical and coincident, suggesting that a sudden increase in financial frictions is most likely ________
A) when the economy has been expanding for some time
B) after the economy has turned into a recession
C) during the recovery phase of the business cycle
D) when expected inflation is declining
A
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Which one of the following statements is true?
a. A static reserve index will indicate a longer resource lifetime than an exponential reserve index b. A reserve base index indicates a longer resource lifetime than a reserve index c. Most non-renewable resource prices have increased over the past 40 years d. Eventually all physical reserves of non-renewable resources will be depleted e. The price path for a non-renewable resource typically looks like an inverted U shape
The equilibrium price and quantity of a good under perfect competition are determined:
A) by the intersection of the market demand and total revenue curves. B) by the intersection of the total revenue and total cost curves. C) by the intersection of the market demand and market supply curves. D) by the intersection of the market supply and total revenue curves.