The period between two successive peaks in a business cycle is called a contraction

A premium death spiral occurs when healthy people leave an insurance pool, which causes premiums to increase, and that causes more people to leave the pool, which results in even higher premiums

Indicate whether the statement is true or false

A banking panic occurs when

a. many banks fail simultaneously b. banks do not earn enough profit c. a bank exhausts all of its vault cash d. individuals cannot withdraw money from a bank e. bank officials fear they have made too many bad loans