The global financial crisis that started in 2008 has reestablished the continuing relevance of the IMF

Because banks engage in regulatory arbitrage, the Basel Accord on risk-based capital requirements may result in

A) reduced risk taking by banks. B) reduced supervision of banks by regulators. C) increased fraudulent behavior by banks. D) increased risk taking by banks.

A country's long-run aggregate supply curve will shift to the left when there is (are)

A) fewer regulatory impediments to business. B) a discovery of new oil reserves in that country. C) a reduction in the labor force. D) a reduction in the money supply.