The second stage in the regulatory process is
A) a crisis.
B) regulation.
C) response by the financial system.
D) regulatory response.
B
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Exclusion by the BLS of which of the following tends to understate the measure of unemployment in the economy?
a. children b. retired persons c. students d. people who do not want to work e. discouraged workers
Inclusion of essential elements in job descriptions is required by the
A. Americans With Disabilities Act B. Title VII of the 1964 Civil Rights Act C. Fair Labor Standards Act D. Equal Pay Act
If expected earnings of a company are revised upward and all else is equal, the price of a stock will
A. rise. B. adjust to reflect a lower ratio of price to (current) earnings. C. fall. D. remain unchanged.
A key result of the equilibrium aggregate expenditure model is that it:
A. can explain why the economy should always be at natural rate GDP. B. illustrates how the government always moves us towards equilibrium GDP. C. can illustrate how an economy can be at an equilibrium that is below natural rate GDP. D. shows how classical notion that the economy will always tend towards natural rate GDP is correct.