The Financial Crisis of 2008 Has Had Little Effect on Money

question 16

True/False

The financial crisis of 2008 has had little effect on money management.

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Definitions:

External Costs

Costs that are not borne by the producer or consumer of a good or service but by society, such as pollution.

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price, where market supply and demand balance each other.

External Benefits

Positive effects experienced by individuals or groups who did not directly participate in the actions that produced those benefits.