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The Price of Good X Increases by 25%,causing the Quantity

question 95

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The price of good X increases by 25%,causing the quantity consumed of good Y to decrease by 10%.If everything else is held constant in the economy,we can say with certainty that good X and good Y are:


Definitions:

Financial Intermediaries

Firms that accept deposits from savers and use those deposits to make loans to borrowers.

Savings and Loan

Financial institutions primarily engaged in accepting savings deposits and making mortgage and other loans to the public.

FDIC

The Federal Deposit Insurance Corporation, a U.S. government agency that insures deposits at banks and thrift institutions to maintain public confidence and financial stability.

Savings and Loan Debacle

A financial crisis in the United States during the 1980s and 1990s involving the failure of savings and loan associations, largely due to risky business practices.

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