Banks develop statistical models to calculate their maximum loss over a given time period. This approach is known as the

The idea that measurement problems could explain the productivity slowdown since 1973 is based on the fact that

A) official output measures make no adjustment for quality. B) output can't be measured. C) capital can't be measured. D) quality improvements aren't fully accounted for in the data.

The tax cuts passed during the Reagan administration were designed primarily to: a. boost savings among consumers

b. shift the aggregate demand curve rightward. c. reduce the balance-of-payments deficit. d. increase the supply of productive resources. e. increase the tax base and include more tax payers.