Expectations are taken to be rational in ________
A) traditional Keynesian and new Keynesian theory
B) new Keynesian and real business cycle theory
C) real business cycle and traditional Keynesian theory
D) traditional Keynesian, new Keynesian and real business cycle theory
B
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Which of the following does NOT describe the relationship between banks and small business during the 2000s (prior to the financial crisis)?
A) Banks typically applied fixed guidelines for granting loans, leaving little room for personal judgment. B) Fewer small businesses received loans as banks shifted their focus to mortgages. C) Many small businesses were receiving loans from regional and national banks. D) More banks became convinced that it would be profitable to loosen their loan guidelines to make more borrowers eligible to receive credit.
Early in U.S. history health insurance was provided to cover
a. income loss due disability or disease. b. hospital expenses. c. routine physicians' services. d. the catastrophic cost of medical care including hospitalization and physicians' services. e. medical costs due to specific diseases such as tuberculosis and alcoholism.