Most of the TARP funds were used to
A) fund a stimulus package.
B) pay for losses incurred by Fannie Mae and Freddie Mac.
C) finance the operations of the Federal Reserve.
D) make direct purchases of preferred stock in banks to increase their capital.
D
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Which statement is correct?
A. Farmers fared considerably better than most other economic groups during the Great Depression B. Farmers typically sell their products in highly competitive markets and buy in imperfectly competitive markets C. The principal beneficiaries of government farm subsidies have been the very-low-income farmers D. The use of price supports has accelerated the exodus of resources from agriculture
Exhibit 5-1 Demand curve
?
In Exhibit 5-1, between points b and c, the price elasticity of demand measures
A. 0.425. B. 1.571. C. 0.143 D. 0.636.