Author Question: Robert lost his job during the last recession and his yearly income fell by 15 percent. As a result ... (Read 115 times)

RODY.ELKHALIL · **on:** Jun 30, 2018

Robert lost his job during the last recession and his yearly income fell by 15 percent. As a result of the action of automatic stabilizers, his disposable income would likely have fallen by less than 15 percent.
a. True
b. False
Indicate whether the statement is true or false

Question 2

The Depository Institutions Deregulation and Monetary Control Act passed by the Congress in 1980 led to:
a. the complete removal of thrift institutions.
b. increased competition among financial institutions.
c. the formation of large number of savings and loan associations.
d. privatization of all financial institutions in the U.S.
e. the complete removal of credit unions.