During recessions, the value of collateral decreases and corporate profits decrease, so firms do not have cash to finance new investment projects. Therefore, credit rationing depends on the state of the economy. This situation is known as the
A) risk acceptance cost.
B) lender's dilemma.
C) default premium.
D) financial accelerator.
Question 2
There are several competing models of the business cycle because
A) none currently captures all facets of the business cycle.
B) they are all rooted in different philosophical traditions.
C) different shocks need different models.
D) they depend on the type of policy that is adopted.
Species richness decreases with distance from the source pool.
Firms Incorporated into U.S. Steel
In 1900, Ashcan artist George Luks portrayed corporate monopolies and franchises as a monster preyin
Excessive video gaming decrease social and physical development in a child
Competitive firms and maximization
Decrease in mean haplotype heterozygosity