According to the capture hypothesis
A) regulators eventually support the views of consumers instead of the firms or the taxpayers, regardless of the reasons why the regulatory agency was established.
B) regulators support the view of the regulated firms all along because that is the reason the regulatory agency was established.
C) regulators eventually support the views of the regulated firms instead of the consumers or taxpayers, regardless of why the regulatory agency was established.
D) regulators eventually support the views of either the firms or the consumers, but at the expense of the taxpayers, regardless of the reasons why the regulatory agency was established.
Answer: C
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For most macroeconomists
A) gross national income and gross national product are the same. B) gross national income exceeds gross national product. C) gross national product exceeds gross national product. D) it is hard to tell whether gross national income equal gross national product. E) gross national product is much more important than gross national income.
An operational lag is the time taken by policymakers to recognize the existence of an economic expansion or recession
a. True b. False Indicate whether the statement is true or false