When many banks fail simultaneously, this is known as a

a. run on the bank
b. depression
c. recession
d. banking panic
e. Federal Reserve crisis

D

Economics

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The market demand curve for coffee is the same as the

A) marginal social cost curve of coffee. B) marginal social benefit curve of coffee. C) opportunity cost curve of coffee. D) marginal social benefit curve minus the marginal social cost curve of coffee.

Economics

An example of expansionary fiscal policy would be

A) a decrease in government spending to reduce budget deficits. B) an increase in tax collection to reduce budget deficits. C) a decrease in interest rates to help stimulate the economy. D) an increase in government spending on infrastructure to create jobs and improve the economy. E) an increase in interest rates to encourage private savings.

Economics