Explanations about what caused the Great Recession differ sharply among economists. The so-called Minsky Explanation involves the following factors, except:
A.
A massive euphoric bubble in housing prices that eventually burst
B.
A huge negative demand shock in the economy
C.
Flexible average price level in the economy
D.
Excessive access to home-mortgage loans
C.
Flexible average price level in the economy
Economics
You might also like to view...
Refer to Scenario 14.2. If each unit of output sells for $5, how many days of labor will the firm hire to maximize profit?
A) 1 B) 2 C) 3 D) 4 E) 5
Economics
The money supply is 1,500 of which 500 is currency held by the public. Bank reserves are 200. The existing reserve/deposit ratio equals:
A. 0.15 B. 0.20 C. 0.10 D. 0.05
Economics