In the United States in the 1920s, there were many bank failures in ___ areas, as the result of ___
a. rural, high levels of indebtedness taken on in WWI
b. rural, pro-urban Federal spending policies
c. urban, lack of demand from the lower middle class for industrial products
d. urban, pro-rural Federal spending policies
b. rural, pro-urban Federal spending policies
Economics
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According to the simple macroeconomic model presented in Chapter 3, which of the following will not be caused by an increase in government spending?
A. an increase in interest rate B. a decrease in consumption C. a decrease in investment D. an increase in government debt
Economics
If the price of a good is initially below the equilibrium level
A) the supply curve will shift leftward. B) the supply curve will shift rightward. C) firms supply none of the good. D) excess demand exists.
Economics