The long-run aggregate supply curve plays an important role in determining:

Most U.S. financial crises have started during periods of ________ either after the start of a recession, a stock market crash, or the failure of a major financial institution

A) high uncertainty B) low interest rates C) low asset prices D) high financial regulation

Which of the following are qualifications of the Coase Theorem?

a. technical transaction costs must remain low and be unaffected if liability assignment is reversed b. both parties must operate in a purely competitive market c. one party quickly makes an offer the other is just willing to accept only when the information regarding payoffs is complete, certain and known to both parties d. all of the above are correct e. only a and c