What is an inside director?
A) a movie director who also appears in the movie
B) the CEO that is selected by the corporation's board of directors
C) a board of director chair who has been in the job for at least three years
D) a member of a corporate board of directors that is also a manager of the business
D
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According to rational expectations theory, which of the following is the best approach to lower the inflation rate?
a. Preannounced stable government policies. b. Unpredictable government policies. c. First predictable and then unpredictable government policies. d. None of these.
Banks create money when they increase demand deposits through the process of creating loans
a. True b. False Indicate whether the statement is true or false
Assume that when $100 of new reserves enter the banking system, the money supply ultimately increases by $800 . Assume also that no banks hold excess reserves and that the entire money supply consists of bank deposits. If, at a point in time, reserves for all banks amount to $750, then at that same point in time, loans for all banks amount to $6,000
a. True b. False Indicate whether the statement is true or false
Economists call a game that is played more than once:
A. cooperative price play. B. a repeated game. C. collusion. D. a commitment strategy.