Interlocking directorates refers to a situation where:
A. A director of one firm is also a board member of a competing firm
B. Members of the Board of Directors of a firm could not agree on a clear strategy for the firm
C. Competing firms have separate and different members in their boards
D. A company's board splits into two rival camps locked in constant struggle
A. A director of one firm is also a board member of a competing firm
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Which of the following will shift the supply of loanable funds curve leftward?
A) a decrease in the real interest rate B) a decrease in real wealth C) a decrease in disposable income D) a decrease in expected future income
The Federal Reserve System was created to
A) make it easier to finance budget deficits. B) promote financial market stability. C) lower the unemployment rate. D) promote rapid economic growth.
In the extended classical model, an unanticipated increase in the money supply would cause output to ________ and the price level to ________ in the short run
A) increase; increase B) decrease; remain unchanged C) remain unchanged; increase D) decrease; decrease
By holding highly liquid assets to guard against sudden large withdrawals, banks: a. sacrifice safety
b. sacrifice profitability. c. increase profitability. d. diversify their portfolio. e. earn more interest than they could on business loans.