Monetary and fiscal policy making that is carried out in response to a pre-set rule and does not respond to changes in economic activity is known as
A) active policy making.
B) discretionary policy making.
C) nondiscretionary policy making.
D) Keynesian policy making.
Ans: C) nondiscretionary policy making.
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A private equity firm is a group of investors that buys up the publicly traded stock of a large corporation and then takes the corporation private
Indicate whether the statement is true or false
Which of the following is not a requirement for markets to be efficient?
a) perfect information b) rational behavior by all agents c) complete markets d) competition in production e) the absence of transaction costs
What evidence is there that the transaction costs involved with the buying and selling of stocks is low?
What will be an ideal response?