Which of the following conditions during 2008-2009 most closely paralleled the economic conditions of the Great Depression?
a. record-high unemployment rates for a period of many years
b. a sharp and prolonged contraction in the money supply
c. significant increases in taxes and trade restrictions in order to counter budget deficits
d. frequent policy changes that generated an unstable and unpredictable economic climate
D
Economics
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Refer to Table 15-4. What is the amount of the deadweight loss generated by Shakti when it produces the monopoly output?
A) $124 B) $42 C) $36 D) $12
Economics
Suppose Sally buys a Volvo because they are safe and, as a result, drives faster and pays less attention to other cars on the road. This is an example of
a. the winner's curse b. a positive externality c. irrational behavior d. moral hazard e. adverse selection
Economics