The Japanese banking system went through a cycle of ________ in the 1990s similar to the one that occurred in the U.S. in the 1980s
A) regulatory forbearance
B) policy antagonism
C) regulatory ignorance
D) policy renewal
A
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Which of the following is NOT true of the interest rate channel?
A) Bank loans play no special role. B) The Fed changes the real interest rate which affects the components of aggregate expenditures. C) Borrowers are indifferent as to how and from whom they raise funds. D) Alternative sources of funds are not substitutes for each other.
Mergers and acquisitions might result in
a. more competition. b. smaller companies. c. increases in consumer demand. d. inadequate competition.
All ________ economies have been political dictatorships
A) centrally planned B) mixed C) market D) mixed and market
The elasticity of supply for a product will be 2 if:
A. A 1 percent decrease in the price causes a 0.2 percent decrease in quantity supplied B. A 2 percent decrease in price causes a 1 percent decrease in quantity supplied C. A 1 percent decrease in price causes a 2 percent decrease in quantity supplied D. A 2 percent decrease in price causes a 2 percent decrease in quantity supplied