As a result of the government's rescue of financial firms and the auto industry in 2008, which of the following occurred?
i) The government's demand for loanable funds increased the real interest rate.
ii) Investment expenditures were crowded out.
iii) The supply of loanable funds curve shifted leftward.
A) ii and iii B) i only C) ii only D) i and ii E) i, ii and iii
D
Economics
You might also like to view...
The gross domestic product of a small country which has a population of 200,000 is $56,000,000. The income per capita of the country is ________
A) $280 B) $200 C) $50 D) $100
Economics
A recessionary gap results when
A) aggregate demand is below the level consistent with full employment. B) aggregate demand is above the level consistent with full employment. C) aggregate supply and aggregate demand are not in short-run equilibrium. D) aggregate supply decreases.
Economics