In 2008, several banks had a:
A. solvency problem, and the Fed kept them all from going bankrupt.
B. confidence problem, and would not lend enough to keep from going bankrupt.
C. solvency problem, and eventually went bankrupt as a result.
D. reserve problem, and did not have enough funds on hand to lend to keep from going bankrupt.
C. solvency problem, and eventually went bankrupt as a result.
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A decrease in government expenditure shifts the AD curve ________ and a decrease in taxes shifts the AD curve ________
A) rightward; rightward B) rightward; leftward C) leftward; rightward D) leftward; leftward
The price elasticity of supply of a good compares:
a. the percentage change in the price of the good with the percentage change in its quantity supplied. b. the percentage change in the quantity supplied of the good with the percentage change in its price. c. the percentage change in the quantity demanded of the good with the percentage change in its supply. d. the percentage change in the quantity supplied of the good with the percentage change in its demand.