Which of the following did NOT happen during the 2008-09 financial crisis?
A. Deposit insurance was extended to all accounts.
B. The Fed quickly raised interest rates to stop the flow of easy credit.
C. The Fed became the majority owner of the insurance company AIG.
D. The U.S. Treasury guaranteed trillions of dollars in money market funds.
Ans: B. The Fed quickly raised interest rates to stop the flow of easy credit.
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The above table has data from the nation of Atlantica. Based on these data, when disposal income equals $3.0 trillion,
A) dissavings equals $1.0 trillion. B) savings equals $3.0 trillion. C) dissavings equals $4.0 trillion. D) savings equals $4.0 trillion. E) savings equals $1. trillion.
A proportional income tax is a tax for which the total amount paid does not increase with income
Indicate whether the statement is true or false