All of the following were actions taken by the government or the Fed in response to the Financial Crisis of 2007-2009 EXCEPT
A) purchasing of most toxic assets such as mortgage-backed securities.
B) reducing the federal funds rate to near zero.
C) insuring deposits in money market mutual funds.
D) effective nationalization of Fannie Mae and Freddie Mac.
A
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Euro-optimists believe the success of the euro to be the result of all of the following, EXCEPT:
A) more trade leads to more success for the euro. B) more countries are lining up to join the euro. C) more capital and labor mobility will take place under the euro. D) more scope for asymmetric shocks, rather than symmetric shocks.
Refer to Figure 11-8 above to answer the following questions
a. Identify the curves in the diagram. A ________ B ________ C ________ b. What is the numerical value of fixed cost when the quantity of output=10? c. What is the numerical value of variable cost when the quantity of output=10? d. What is the numerical value of total cost when the quantity of output =10? e. What is the numerical value of average fixed cost when the quantity of output =10? f. What is the numerical value of average total cost when the quantity of output =10? g. On the graph identify the area that represents the total variable cost of production when the quantity of output =10. h. On the graph identify the area that represents the fixed cost of production when the quantity of output =10.