Chapter 15 suggests that the Community Reinvestment Act (CRA) provides an example of
A) bad intentions and bad unintended consequences.
B) good intentions and bad unintended consequences.
C) bad intentions and good unintended consequences.
D) good intentions and good unintended consequences.
B
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Economic growth is a sustained expansion of production possibilities, as measured by the increase in ________ over time
A) population B) inflation C) the price level D) real GDP E) employment
For a perfectly competitive rancher in Wyoming, if the price does not change, an economic profit could turn into an economic loss if the
A) average total cost curve shifts downward. B) average total cost curve does not change. C) average total cost curve shifts upward. D) marginal cost curve shifts downward. E) average fixed cost decreases.
If a monopoly can produce a good at zero marginal cost, then its Lerner Index is
A) zero. B) one. C) infinity. D) undetermined.
A ________ is a congressional agreement about total outlays, spending by major category, and expected revenues, that guides spending and revenue decisions by the many congressional committees and subcommittees
a. continuing resolution b. budget resolution c. disclaimer vote d. filibuster