The very low interest rates following the financial crisis of 2007-2009 resulted in:
A) many people moving their funds from CDs and money market accounts to checking accounts in order to have more liquidity without sacrificing much interest
B) funds being transferred from checking accounts to time deposits
C) further declines in checking accounts that began in the early 1970s
D) people switching their funds from checking deposits to CDs in the pursuit of higher interest rates
A
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In the figure above, if the market is at equilibrium, the sum of the total consumer surplus and the total producer surplus is
A) $240. B) $600. C) $1,000. D) $0. E) $60.
In his book The Other Path, de Soto suggests that the key to economic development is
A. Limiting capitalism and profit takers. B. Transactions within the "official" economy. C. Government control of resources. D. Entrepreneurship and market forces.