The purpose of the Dodd-Frank Wall Street Reform Act was to:
A. limit what stocks and mutual funds that investors could choose.
B. give banks the choice to report their holdings.
C. encourage banks to engage in more risk-taking.
D. force banks to limit their risk-taking.
Answer: D
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Refer to Figure 17-9. A follower of the new classical macroeconomics would argue that ________ like that pursued by Paul Volcker in 1979, would result in a movement from C to A
A) expansionary fiscal policy B) expansionary monetary policy C) contractionary monetary policy D) contractionary fiscal policy
If the marginal propensity to save (MPS) is 0.25, the value of the spending multiplier is:
a. 1. b. 2. c. 4. d. 9.
If the value of nominal GDP of an economy is 1.3 times the value of its real GDP, then the value of the GDP deflator in the economy will be 130
a. True b. False Indicate whether the statement is true or false
Use the above table to answer these questions: In which year was the misery index (a) the highest? (b) the lowest?
