As a result of the global financial crisis several of the large, free-standing investment banking firms chose to become bank holding companies. This means that they will now be regulated by
A) the Federal Reserve.
B) the FDIC.
C) the state banking authorities.
D) the Treasury.
A
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Consider the above figure. Autonomous consumption, in this scenario, is equal to
A) $30. B) $80. C) $60. D) $40.
The lure of _______ directs resources toward capital investments.
A. future profits B. current consumption C. high interest rates D. future interest rates
The misperceptions theory of short-run aggregate supply curve says that quantity of output will decrease if the price level
a. decreases by more than expected so that firms believe the relative price of their output has decreased. b. decreases by more than expected so that firms believe the relative price of their output has increased. c. decreases by less than expected so that firms believe the relative price of their output has decreased. d. decreases by less than expected so that firms believe the relative price of their output has increased.
At every point along the aggregate demand curve, the level of aggregate output demanded is
A) greater than planned aggregate expenditure. B) less than planned aggregate expenditure. C) equal to planned aggregate expenditure. D) unrelated to the concept of planned aggregate expenditure.