To mobilize resources in WWII, the United States relied on:
a. borrowing.
b. taxes.
c. creating money.
d. All of the above are correct.
d. All of the above are correct.
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The monetary aggregate, M1, increases when
A) an individual cashes a check written by a business. B) an individual purchases clothes with a debit card. C) an individual switches funds from a savings account to a checking account. D) an individual buys groceries with a credit card.
(Consider This) Which of the following best explains why the solar panel companies Solyndra and Abound went bankrupt in 2011 and 2012, respectively?
A. Overreliance on government subsidies that made them inefficient. B. Oversupply of solar panels on the world market that drove down prices and made these firms uncompetitive in the market. C. Expansion of other alternative energy sources made solar power unprofitable. D. Dramatic and unexpected increases in input costs caused huge economic losses.