One characteristic of a financial crisis caused by macroeconomic imbalances is that it
A) may or may not be predictable.
B) will occur eventually even though its timing is unpredictable.
C) may be caused by expansionary fiscal policies accompanied by high budget deficits.
D) may be caused by high deficits financed by increases in the money supply.
E) All of the above.
E
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________ can trigger an expansion
A) An increase in autonomous expenditure B) A decrease in induced expenditure C) Equality between aggregate expenditure and real GDP D) A downward shift of the AE line E) A decrease in autonomous expenditure
The marginal product of labor is the increase in total product from a
A) one unit increase in the quantity of labor, while holding the quantity of other inputs constant. B) one unit increase in the quantity of labor, while also increasing the quantity of other inputs by one unit. C) one dollar increase in the wage rate, while holding the price of other inputs constant. D) one percent increase in the wage rate, while also increasing the price of other inputs by one percent.