A common element in all of the banking crisis episodes in different countries is
A) the existence of a government safety net.
B) deposit insurance.
C) increased regulation.
D) lack of competition.
A
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A general rule is that the economy is experiencing a recession when:
a. real GDP declines for at least six months. b. real GDP declines for at least three months. c. real GDP declines for at least nine months. d. nominal GDP declines for at least nine months.
In the taste-for-discrimination model:
A. a decline in discrimination will reduce the actual African-American-white wage ratio. B. an increase in collective discrimination coefficients of employers will reduce the demand for African-American workers, decrease the African-American wage, and increase African- American employment. C. firms that discriminate will have lower costs than firms that do not discriminate. D. competitive forces will tend to reduce discrimination in the very long run.