It is the role of ________ to transfer funds from savers to borrowers
A) the Federal Reserve
B) the federal government
C) an economy's financial system
D) corporate governance
Answer: C
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To compensate for the possibility of indirect crowding out, a government engaging in expansionary policy aimed at eliminating a recessionary gap could
A) reduce taxes rather than increase government spending. B) increase spending less than the simplest Keynesian model would predict. C) both reduce taxes and reduce spending to be able to achieve full employment. D) increase spending more than the simplest Keynesian model would predict.
Alternating periods of economic growth and contraction are
A. The result of recurrent shifts of aggregate demand and aggregate supply. B. The result of government intervention according to Keynes. C. Not typical of the U.S. economy. D. Indicative of an unstable economy and require government intervention according to classical economists.