What best explains the pattern of bank collapses in the US?
a. The vast majority of banks closed early in the decade and the closing dropped significantly in the latter half of the decade.
b. Banks collapsed consistently throughout the 1930s.
c. The failure rate was relatively low early in the decade and grew steadily throughout the period.
a. The vast majority of banks closed early in the decade and the closing dropped significantly in the latter half of the decade.
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In the long run, with an increase in the plant size, _____
A. the short-run average total cost curve shifts downward B. the long-run average cost curve slopes downward C. the short-run average total cost curve shifts downward if economies of scale exist D. the average total cost of production rises
Which of the following events did not contribute to the high rate of bank failures in the 1980s and 1990s?
a. The collapse of the communist world, principally Russia; because of the collapse,they could not pay off their loans to U.S. banks b. Falling farm prices in the U.S. c. Bad loans to Mexico d. An unexpected slide in oil prices e. Falling agricultural land values