Required reserves are a % of loans that the bank must set aside in its vault or in its account with its Federal Reserve Bank

Regarding the purchasing of INSURANCE in particular, the most important difference(s) between "adverse selection" and "moral hazard" in general is/are that

A. adverse selection deals with "hidden information," whereas moral hazard deals with "hidden actions." B. usually the insurer worries more about adverse selection BEFORE the insurance is purchased, whereas it worries more about moral hazard AFTER the insurance is purchased. C. Both of the above statements are true. D. None of the above statements are true.

Keynes focused on problems of

A. hyperinflation. B. budget deficits. C. trade deficits. D. unemployment and inflation.