Railroads, automobiles, television, computers, and genetic engineering are all examples of new industries that are believed by many economists to have triggered
a. innovation cycles
b. all internal cycles
c. all external cycles
d. short-run cycles
e. multiple-investment cycles
A
Economics
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What makes a model compelling?
a. its predictions b. its mathematical structure c. its assumptions d. its simplicity
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Regarding IBFs, which of the following is correct?
A) not subject to reserve requirements B) not subject to interest rate regulations C) were created to permit U.S. banking offices to compete with offshore banks without having to use an offshore banking office D) All of the above.
Economics