Which of the following is true?
a. The Great Depression re-enforces the view that raising taxes in the midst of a severe recession is a bad idea.
b. The Great Depression clearly indicates that a prolonged period of monetary contraction will keep inflation low and promote monetary stability.
c. The Great Depression illustrates that trade restrictions will protect domestic industry and save jobs.
d. The Great Depression demonstrates that the political incentive structure during a severe downturn will encourage politicians to avoid frequent policy changes.
A
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A rise in bond prices would cause the price of a dollar to rise.
a. true b. false
A payday loan company has decided to open several new locations in the city. To decide where to open these locations it hires consultants and pays them per store opened. At the end of the quarter, the company notices a many of the new stores' sales volume fail to meet expectations. To incentivize the consultants to instead focus on opening profitable stores, the company decided to alter the
compensation to a percentage of the profit earned per new store. This puts the consultants a. In a less risky position b. A more risky position c. In risk neutral position d. None of the above