Author Question: Which of the following is among the possible reasons that the 2007-2009 financial crisis did not ... (Read 93 times)

tichca · **on:** Jun 30, 2018

Which of the following is among the possible reasons that the 2007-2009 financial crisis did not result in an economic depression?

A) the declaration of a bank holiday by the nation's President
B) international policy coordination
C) strict reliance on conventional monetary policy
D) government spending restraint

Question 2

From the equation of exchange, if both nominal income and the quantity of money (M) have doubled, while the price level (P) has decreased by 50 percent and velocity (V) remains constant, then real output (Y) ________.

A) also doubles
B) triples
C) quadruples
D) decreases by 50 percent
E) none of the above