A possible sequence for the three stages of a financial crisis might be ________ leads to ________ leads to ________
A) asset price declines; banking crises; unanticipated decline in price level
B) unanticipated decline in price level; banking crises; increase in interest rates
C) banking crises; increase in interest rates; unanticipated decline in price level
D) banking crises; increase in uncertainty; increase in interest rates
A
Economics
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The value of all the equipment and structures of an economy is referred to as:
A) wealth. B) national income. C) asset value. D) capital stock.
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When we add a personal income tax to the macroeconomic model, the
a. multiplier becomes larger. b. multiplier becomes smaller. c. expenditures schedule shifts upward. d. expenditures schedule becomes steeper.
Economics