Identify the correct statement
a. The removal of financial market regulations has lowered the probability of a financial crisis to zero.
b. Investment in residential housing in the U.S. was less volatile during the era prior to the removal of Regulation Q.
c. Investment in residential housing in the U.S. was more volatile after the removal of Regulation Q.
d. The removal of financial market regulations lowered output volatility.
e. The removal of financial market regulations increased variability in consumer spending.
d
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Some economists have argued that certain characteristics of the delivery of health care justify government intervention. One of these characteristics is
A) health care is nonrivalrous and nonexcludable. B) health care generates negative externalities. C) health care is a public good. D) health care generates positive externalities.
The Federal Open Market Committee:
A. is responsible for monitoring how goods and services are being sold on the open market. B. is responsible for regulatory oversight and implementation of monetary policy of regional banks. C. is the most important policy-making body of the Federal Reserve. D. includes all regional bank presidents and the Board of Governors.
Which of the following will make price discrimination difficult for a monopolist?
A. a constant marginal cost curve B. an increasing marginal cost C. the possibility of resale of the product D. a downward sloping demand curve
What is an entrepreneur, and what decisions does an entrepreneur make in a market system?
What will be an ideal response?