Over the last 60 years, the average annual growth of real GDP in the United States has been approximately
a. 1 percent.
b. 3 percent.
c. 5 percent.
d. 9 percent.
B
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Because of the system defined by the U.S. Constitution, people and media often call the national government in Washington D.C. ______________
Fill in the blank(s) with the appropriate word(s).
The potential for a financial breakdown at one financial institution to spread throughout the financial system is known as a
A) lending risk. B) systemic risk. C) moral hazard. D) liquidity risk.
Land "liberals" in the 19th century
a. believed that the sale of the public domain should provide substantial government revenue. b. voted against the Homestead Act of 1862. c. supported the sale of the public domain in small plots. d. were against the extension of credit to land buyers.
Adverse selection can only occur when there is asymmetric information?.
Indicate whether the statement is true or false.