Author Question: A prominent aspect of the Great Depression of the 1930s, but not of the recent Great Recession, is ... (Read 84 times)

karlynnae · **on:** Jun 30, 2018

A prominent aspect of the Great Depression of the 1930s, but not of the recent Great Recession, is ________.

A) bank panics
B) mortgage defaults
C) an increase in the credit spread
D) nonconventional monetary policy

Question 2

In the New Keynesian open economy model with a flexible exchange rate, an increase in anticipate future total factor productivity

A) has no effects.
B) increases aggregate output.
C) reduces aggregate consumption.
D) causes an exchange rate appreciation.