Which of the following does NOT describe the relationship between banks and small business during the 2000s (prior to the financial crisis)?
A) Banks typically applied fixed guidelines for granting loans, leaving little room for personal judgment.
B) Fewer small businesses received loans as banks shifted their focus to mortgages.
C) Many small businesses were receiving loans from regional and national banks.
D) More banks became convinced that it would be profitable to loosen their loan guidelines to make more borrowers eligible to receive credit.
B
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Making more frequent, but smaller cash withdrawals from banks ________ the inflation losses from holding cash and ________ the shoe leather costs of inflation.
A. reduces; increases B. reduces; has no impact on C. increases; reduces D. increases; increases
When the market for a commodity is in equilibrium:
A) there will still be some unsold stock of the commodity. B) all sellers of the commodity will want to change their behavior. C) no economic agent will want to change his or her behavior. D) all buyers of the commodity will want to change their behavior.
Any policy that seeks to influence the level of aggregate demand is called
A) productivity policy. B) stabilization policy. C) aggregate policy. D) employment policy.
What would be the Nash equilibrium of this game?
a. Bargain hard, bargain hard b. Firm bargains hard, union accommodates c. Union bargains hard, firm accommodates d. Both B&C