In the late 1970s and early 1980s, as the Federal Reserve squeezed the growth of the money supply, interest rates shot up and a. profits began to increase dramatically. b. the unemployment rate shot up as well. c. the unemployment rate plummeted. d. the economy began to recover The Panic of 1907 was triggered by a. excessively loose lending by banks and trusts, a need to divert cash to San Francisco following the 1906 earthquake, and excessively restrictive regulation of financial markets. b. a need to divert cash to San Francisco following the 1906 earthquake, government intervention that broke up many of the major trusts, and a lack of effective oversight of financial markets. c. excessive speculation in the stock market, excessively tight lending by banks and trusts, and excessively restrictive regulation of financial markets. d. excessive speculation in the stock market, excessively loose lending by banks and trusts, and a lack of effective oversight of financial markets. In the late 1970s and early 1980s, as the Federal Reserve squeezed the growth of the money supply, interest rates shot up and a. profits began to increase dramatically. b. the unemployment rate shot up as well. c. the unemployment rate plummeted. d. the economy began to recover When borrowers are hesitant to borrow to finance purchases because of pessimism about the future and banks are hesitant to lend because of a fear that borrowers will default on their loans, the economy is said to be experiencing a(n) __________ trap. a. stagflationary b. interest rate c. inflationary d. liquidity When stagflation began to appear in the US economy in the late 1960s, economists and policymakers were perplexed because they had never seen __________ and __________ at the same time. a. high inflation rates; high interest rates b. a stagnant economy; high unemployment rates c. high unemployment rates; high growth rates d. high inflation rates; high unemployment rates

In the late 1970s and early 1980s, as the Federal Reserve squeezed the growth of the money supply, interest rates shot up and a. profits began to increase dramatically. b. the unemployment rate shot up as well. c. the unemployment rate plummeted. d. the economy began to recover The Panic of 1907 was triggered by a. excessively loose lending by banks and trusts, a need to divert cash to San Francisco following the 1906 earthquake, and excessively restrictive regulation of financial markets. b. a need to divert cash to San Francisco following the 1906 earthquake, government intervention that broke up many of the major trusts, and a lack of effective oversight of financial markets. c. excessive speculation in the stock market, excessively tight lending by banks and trusts, and excessively restrictive regulation of financial markets. d. excessive speculation in the stock market, excessively loose lending by banks and trusts, and a lack of effective oversight of financial markets. In the late 1970s and early 1980s, as the Federal Reserve squeezed the growth of the money supply, interest rates shot up and a. profits began to increase dramatically. b. the unemployment rate shot up as well. c. the unemployment rate plummeted. d. the economy began to recover When borrowers are hesitant to borrow to finance purchases because of pessimism about the future and banks are hesitant to lend because of a fear that borrowers will default on their loans, the economy is said to be experiencing a(n) trap. a. stagflationary b. interest rate c. inflationary d. liquidity When stagflation began to appear in the US economy in the late 1960s, economists and policymakers were perplexed because they had never seen and __ at the same time. a. high inflation rates; high interest rates b. a stagnant economy; high unemployment rates c. high unemployment rates; high growth rates d. high inflation rates; high unemployment rates

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

In the late 1970s and early 1980s, as the Federal Reserve squeezed the growth of the money supply, interest rates shot up and

	a.	profits began to increase dramatically.
	b.	the unemployment rate shot up as well.
	c.	the unemployment rate plummeted.
	d.	the economy began to recover

The Panic of 1907 was triggered by

	a.	excessively loose lending by banks and trusts, a need to divert cash to San Francisco following the 1906 earthquake, and excessively restrictive regulation of financial markets.
	b.	a need to divert cash to San Francisco following the 1906 earthquake, government intervention that broke up many of the major trusts, and a lack of effective oversight of financial markets.
	c.	excessive speculation in the stock market, excessively tight lending by banks and trusts, and excessively restrictive regulation of financial markets.
	d.	excessive speculation in the stock market, excessively loose lending by banks and trusts, and a lack of effective oversight of financial markets.

In the late 1970s and early 1980s, as the Federal Reserve squeezed the growth of the money supply, interest rates shot up and

	a.	profits began to increase dramatically.
	b.	the unemployment rate shot up as well.
	c.	the unemployment rate plummeted.
	d.	the economy began to recover

When borrowers are hesitant to borrow to finance purchases because of pessimism about the future and banks are hesitant to lend because of a fear that borrowers will default on their loans, the economy is said to be experiencing a(n) __________ trap.

	a.	stagflationary
	b.	interest rate
	c.	inflationary
	d.	liquidity

When stagflation began to appear in the US economy in the late 1960s, economists and policymakers were perplexed because they had never seen __________ and __________ at the same time.

	a.	high inflation rates; high interest rates
	b.	a stagnant economy; high unemployment rates
	c.	high unemployment rates; high growth rates
	d.	high inflation rates; high unemployment rates

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