The financial crisis in the United States in 2007-2009 brought about all but which of the following changes:
A. a run on money-market mutual funds.
B. the placement of the two government-sponsored enterprises for housing finance into conservatorship.
C. an increase in the deposit share of the top four U.S. commercial banks.
D. a rise in the number of unit banks.
Answer: D
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The figure below shows the market for MP3 players in a small country. Dd and Sd are the domestic demand and domestic supply curves of the MP3 players. QQ is the quota quantity. The quota on MP3 players will cause domestic producers to
A. gain $150 million. B. gain $110 million. C. lose $120 million. D. lose $100 million.
After the 2008 expansionary policy, unemployment remained higher than desired and output was much lower than desired.
Answer the following statement true (T) or false (F)