Author Question: U.S. financial crises begin in a period of ________. A) rising incomes B) adverse selection C) ... (Read 13 times)

jc611 · **on:** Jun 30, 2018

U.S. financial crises begin in a period of ________.

A) rising incomes
B) adverse selection
C) rising uncertainty
D) moral hazard

Question 2

The idea that a permanent increase in income causes a larger increase in consumption than a temporary change in income is called the

A) Friedman-Lucas theory.
B) permanent income hypothesis.
C) Ricardian equivalence theorem.
D) intertemporal substitution effect.