A recent article in the Financial Times summarizes and criticizes the standard approach to focusing responsibility for the Eurozone debt crisis, for which it blames:
A) the operations of the ECB.
B) the restraint on borrowing, which is an integral part of the Eurozone convergence criteria.
C) the irresponsibility of the ECB for funding domestic bank purchases of their government's bond issues.
D) speculators, irresponsible fiscal deficits, and poor risk assessment.
Ans: D) speculators, irresponsible fiscal deficits, and poor risk assessment.
You might also like to view...
Do deficits lead to inflation?
What will be an ideal response?
An autonomous depreciation of the U.S. dollar makes American goods ________ relative to foreign goods and results in a ________ in U.S. net exports, everything else held constant
A) cheaper; decline B) cheaper; rise C) more expensive; decline D) more expensive; rise
Which of the following is not considered a barrier to entry into a monopoly market?
A. having a natural monopoly. B. ownership of a key resource. C. government intervention. D. an new product-type is offered.
Identify some of the salient features of voting as a method of determining the majority preference