The issuance of new stocks or bonds are examples of
A) indirect finance.
B) direct finance.
C) financial intermediation.
D) All of the above.
B
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In the short run, policy that changes aggregate demand changes
a. both unemployment and the price level. b. neither unemployment nor the price level. c. only unemployment. d. only the price level.
Crowding out is most likely to occur when the federal government:
A. Runs a surplus and pays off part of the debt. B. Balances the budget. C. Runs a deficit and raises taxes to generate more revenue. D. Runs a deficit and borrows money to finance its spending.
Reducing the minimum wage would make it more difficult for low-skilled workers to find jobs.
Answer the following statement true (T) or false (F)
Command systems in the Soviet Union and pre-reform China failed primarily because of:
A. the failure to accumulate and use capital. B. greater resource scarcity than in market systems. C. the failure to specialize in production. D. coordination and incentive problems.