Examlex
Savings and loans' difficulties began in the 1970s, when inflation _____ and interest rates _____.
Specialization
The focus of a business, region, or individual on producing a limited range of goods or services to gain greater efficiency and productivity.
Eighteenth-Century
A period in history ranging from the year 1701 to 1800, characterized by significant developments in politics, philosophy, science, and arts.
Pin Factory
A classic example used by Adam Smith to describe the benefits of specialization and division of labor.
The Wealth of Nations
A seminal book by Adam Smith that lays the foundations of classical economics and discusses the division of labor, productivity, and free markets.
Q2: Which of the following is a function
Q5: If the economy is at potential output
Q18: Suppose you find a $50 bill that
Q22: (Figure: A Money Market) Look at the
Q59: The zero lower bound for interest rates
Q89: Shares in the pools of securitized mortgages
Q152: (Table: Components of the Money Supply) Look
Q168: The financial crisis of 2008 in the
Q206: Which of the following represents the government
Q339: If the economy is at potential output