Moral hazard is a problem
A) peculiar to direct finance.
B) peculiar to mutual funds.
C) arising before a transaction is consummated.
D) arising after a transaction is consummated.
D
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Are municipal tennis courts and municipal golf courses public goods? Why or why not?
When a binding price floor is imposed on a market to benefit sellers,
a. no sellers actually benefit. b. some sellers benefit, but no sellers are harmed. c. some sellers benefit, and some sellers are harmed. d. all sellers benefit.
What happens to the monetary base if people, fearing a bank run, convert their checking deposits into currency holdings?
What will be an ideal response?
The long-run Phillips curve would shift left if
a. the money supply increased or if the minimum wage was reduced. b. the money supply increased but not if the minimum wage was reduced. c. the minimum wage was reduced but not if the money supply increased. d. None of the above is correct.