U.S. financial crises begin in a period of ________. A) rising ...

[jc611]

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.

[Ahnyah]

Answer to Question 1

C

Answer to Question 2

B

[jc611]

Thanks for the timely response, appreciate it

[alvinum]

Excellent