During the 2008 financial crisis, banks restricted ________, and the M2 money multiplier ________
A) buying securities; increased
B) lending; increased
C) deposits; increased
D) lending; decreased
E) deposits; decreased
D
Economics
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An effective government imposed price ceiling will result
A) in a surplus on the market. B) in a shortage on the market. C) in additional revenue for the government. D) in prices for the product falling in the future.
Economics
Refer to Figure 21-25. Suppose the price of good X is $10, the price of good Y is $5, and the consumer’s income is $210. Then the consumer’s optimal choice is represented by a point on which curve?
a. I4
b. I2
c. I3
d. I1
Economics