Which phrase describes the income effect?
A. The effect of demand and supply on income e...
Social Studies, 19.05.2020 15:06 Courtneymorris19
Which phrase describes the income effect?
A. The effect of demand and supply on income earned by producers
B. The impact of price on consumers’ purchasing ability and decisions
C. The increased income earned by suppliers because of high prices
D. The impact of consumers’ income on the supply of a product
Answers: 2
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The banking act of 1933, also known as the glass-steagall act, established the federal deposit insurance corporation (fdic), which a protected banks from failure by ensuring that the government would bail them out if necessary. b required american taxpayers to establish an account with a commercial bank. c protected depositors from financial losses when banks failed.
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