A Supreme Court ruling in March 1996 held that
A) state laws to prevent banks from selling insurance can be superseded by federal rulings from banking regulators that allow banks to sell insurance.
B) state laws to prevent banks from selling insurance cannot be superseded by federal rulings from banking regulators that allow banks to sell insurance.
C) state laws to prevent banks from selling insurance can be superseded only if Congress enacts legislation that allow banks to sell insurance.
D) state laws to prevent banks from selling insurance cannot be superseded by federal legislation.
A
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The idea that saving equals investment in the Solow model means that a steady state can be reached only when
A) s = k. B) s = n + d. C) sf(k) = (s + d)k. D) sf(k) = (n + d)k.
An increase in real GDP can shift
A) money demand to the right and decrease the equilibrium interest rate. B) money demand to the right and increase the equilibrium interest rate. C) money demand to the left and decrease the equilibrium interest rate. D) money demand to the left and increase the equilibrium interest rate.