According to the fed, what were the major problems during the financial crisis of 2008? check all that apply.
-the money supply became less liquid.
-consumer spending increased dramatically.
-lending and credit stopped.
-banks were too easily able to fulfill consumer demands for loans.
-it was difficult for banks to receive the loans needed to have cash required to function.

Chuck, a single taxpayer, earns $80,750 in taxable income and $30,750 in interest from an investment in city of heflin bonds. (use the u.s. tax rate schedule.) (do not round intermediate calculations. round your answers to 2 decimal places.)

Simon, aged 10, is invited to a classmate's birthday party at an exclusive ski resort on march 15th. the day will include 4 hours of snowboarding, lunch and birthday cake. simon's mother checks a box on the invitation that says "yes, we will attend" and returns it to the classmate's address. unfortunately, they later don't attend the party when simon comes down with the flu. on march 17th, simon's mother receives an invoice in the mail from simon's classmate for $35 that says, "party no-show fee." can simon's classmate collect the fee?

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak