Data from the Bureau of Labor Statistics show that consumer spending on transportation is only slightly higher than consumer spending on food and beverages

Why did the principal-agent problem for investment banks become more severe following the repeal of the Glass-Steagall Act in 1999?

What will be an ideal response?

According to the theory of purchasing power parity, if the inflation rate in England is greater than the inflation rate in Japan,

A) the law of one price has been violated. B) the nominal value of the pound will appreciate against the yen. C) the nominal value of the yen will appreciate against the pound. D) the nominal value of the pound will appreciate against the yen, but only if the two countries are on the gold standard.