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Social Science Clinic => Economics => Macroeconomics => Topic started by: javeds on Jun 30, 2018

Title: A prominent aspect of the recent Great Recession, but not of the Great Depression of the 1930s, is ...
Post by: javeds on Jun 30, 2018

A prominent aspect of the recent Great Recession, but not of the Great Depression of the 1930s, is ________.
 
  A) bank panics
  B) mortgage defaults
  C) an increase in the credit spread
  D) nonconventional monetary policy

Question 2

In macroeconomic analysis, the representative consumer
 
  A) denotes the consumer with the average amount of income.
  B) plays the role of a stand-in for all consumers in the economy.
  C) is the consumer who bargains with firms for all workers in the economy.
  D) is always a misleading fiction.

Title: A prominent aspect of the recent Great Recession, but not of the Great Depression of the 1930s, is ...
Post by: leannegxo on Jun 30, 2018

Answer to Question 1

D

Answer to Question 2

B

Title: A prominent aspect of the recent Great Recession, but not of the Great Depression of the 1930s, is ...
Post by: javeds on Jun 30, 2018

Thank you :)

Title: A prominent aspect of the recent Great Recession, but not of the Great Depression of the 1930s, is ...
Post by: leannegxo on Jun 30, 2018

Happy to help you