In 2010, regulators of many nations agreed on a major update of internationally active banks known as:
A. the Dodd-Frank Act.
B. the Fred-Bob Act.
C. Basel III.
D. the Gramm-Leach-Bliley Act.
Answer: C
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Workers expect inflation to rise from 3% to 5% next year. As a result, this should
A) move the economy down along a stationary short-run aggregate supply curve. B) move the economy up along a stationary short-run aggregate supply curve. C) shift the short-run aggregate supply curve to the left. D) shift the short-run aggregate supply curve to the right.
If Healthy Bars agrees to sell its snack bars to a large grocery chain on the contractual condition that the grocery chain does not sell any of Healthy Bars' competitors' snack bars, this is an example of ________.
A) a horizontal contract B) a tying arrangement C) a requirements contract D) an exclusive dealing contract
A market requires
A) sellers only. B) buyers and sellers. C) government intervention. D) buyers only.
Demand-pull inflation is most pronounced during a recession (as opposed to the recovery phase of the business cycle)
a. True b. False Indicate whether the statement is true or false