A rise in stock prices ________ the net worth of firms and so leads to ________ investment spending because of the reduction in moral hazard

In 2011, real GDP in the United States was $60 per hour worked. In major European economies, real GDP averaged on $48 per hour worked. This difference is explained by the points that ________ and ________

A) Americans work the same number of hours per week as Europeans on average; Americans are less productive due to technology differences B) Americans are equally as productive as Europeans; Americans work more hours on average C) Americans take more vacations than Europeans; Americans take more sick days than Europeans D) Americans work more hours than Europeans; Americans produce more per hour than Europeans E) Americans work less hours than Europeans; Americans take less sick days than Europeans

A __________ may agree to waive a restrictive covenant, especially if doing so appears to make the loan __________

A) borrower; no riskier B) borrower; riskier C) lender; no riskier D) lender; riskier