The difference between U.S. financial regulation between the 1930s-to-1980 period and the 1980-to-2010 period is:
a. The earlier period was characterized by relatively loose government regulations and the later one was characterized by stricter government regulations.
b.The earlier period was characterized by heavy use of the originate-to-distribute strategy.
c. The earlier period was characterized by recurring, nation-wide speculative housing bubbles.
d. The later period was characterized by heavy use of securitization.
e. All of the above.
Question 2
If the price of inputs rises and foreign income rises:
a. Price index rises, and real GDP falls.
b. Price index rises, and the change in real GDP is uncertain.
c. Price index falls, and real GDP rises.
d. Price index falls, and real GDP falls.
e. Price index falls, and the change in real GDP is uncertain.
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A giant dust cloud about to descend on a farm in Kansas during the 1930s