The most direct and important consequence of an increase in asymmetric information problems is ________
A) a decrease in the probability of loan repayment
B) inability to assess the probability of loan repayment
C) unwillingness of borrowers to accept the market rate of interest
D) inability of creditors to acquire enough funds to meet borrowers' demand
B
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According to estimates of the Taylor rule, monetary policy was too easy
A) from 1960 to 1965. B) from 1965 to 1979. C) in the 1980s. D) in the 1990s.
The coefficient of a linear regression equation indicates
A) the change in the dependent variable relative to a unit change in the independent variable. B) the change in the independent variable relative to a unit change in the dependent variable. C) the percentage change in the dependent variable relative to a unit change in the independent variable. D) the percentage change in the independent variable relative to a unit change in the dependent variable.
Which type of economists rely on the widest array of models?
A. Formal B. Traditional C. Modern D. Keynesian
“Pure monopoly guarantees economic profits.” Discuss whether this is a valid statement
What will be an ideal response?