The regulatory response to enhance accountability and increase transparency in the financial system and end taxpayer bailouts in response to the Great Recession was known as which of the following?
a. Sarbanes-Oxley Act
b. Dodd-Frank Act
c. Airline Deregulation Act
d. Hoffman-La Roche Act
b. Dodd-Frank Act
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The three problems of resource allocation are faced by
a. traditional societies b. command systems c. centrally planned economies d. market economies e. all types of societies
A system of economic organization in which the ownership and control of productive capital assets rests with the state and in which resources are allocated through central planning and political decision making is called
What will be an ideal response?
Returns to scale refers to the change in output when
A) all inputs increase proportionately. B) labor increases holding all other inputs fixed. C) capital equipment is doubled. D) specialization improves.
If the Fed buys U.S. Treasury bills and bonds to finance deficits, this means that the government is financing the deficit by expanding the money supply, which will eventually lead to
A. excess aggregate supply. B. deflation. C. excess aggregate demand. D. an appreciation of the dollar.