To reduce systemic risk, the Dodd-Frank Act created a new regulatory body called the
A. Supervisor of Last Resort.
B. Financial Stability Oversight Council.
C. Troubled Asset Relief Corporation.
D. Treasury Accord Compliance Committee.
Answer: B
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In the Keynesian framework, as long as output is ________ the equilibrium level, unplanned inventory investment will remain ________, firms will continue to lower production, and output will continue to fall
A) below; negative B) above; negative C) below; positive D) above; positive
Goods and activities typically are more highly valued the sooner they can be enjoyed, other things constant,
a. only when interest rates are positive b. because interest rates are positive c. only when people save d. because people save e. because people have positive rates of time preference
Suppose that the market price of good X equals the firm's cost of producing that good, but it does not reflect any costs imposed on society. Which of the following is FALSE?
A. The good is priced too low. B. An external benefit is associated with good X. C. Too much of good X is being produced. D. Resources are over-allocated in the production of good X.
Stagflation occurs primarily during periods of rapid economic growth.
Answer the following statement true (T) or false (F)