Dodd-Frank addressed many of the issues that led to the financial crisis. Which of the following was NOT addressed by Dodd-Frank regulations?
A) stricter consumer protection laws
B) privately owned, government-sponsored enterprises (GSEs) such as Fannie mae and Freddie Mac
C) resolution authority over the large financial institutions
D) higher requirements on firms dealing in derivatives
B
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Based on the figure below. Starting from long-run equilibrium at point C, an increase in government spending that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ creating _____gap. 
A. D; an expansionary B. B; no output C. B; expansionary D. A; a recessionary
An import quota on sugar
A) increases the imports of sugar and lowers its price. B) increases the imports of sugar and raises its price. C) increases the demand for sugar and raises its price. D) decreases the imports of sugar and raises its price.
The efficient market hypothesis states that:
A. markets currently contain all available information and correctly value instruments. B. when buyers and sellers act in their own best interest markets will be efficient. C. in order for markets to be efficient they need to be adequately regulated. D. markets currently contain an efficient amount of information for them to clear.
The demand for commodity X is represented by the equation P = 10 - 0.2Q and supply by the equation P = 2 + 0.2Q. If demand changes from P = 10 - .2Q to P = 7 - .3Q, the new equilibrium price is
A. 2. B. 4. C. 6. D. 10.