Which of the following was not a major area addressed by the Dodd-Frank Bill (i.e., Wall Street Reform and Consumer Protection Act of 2010).
a. Reducing systemic threats to the U.S. financial system.
b. Slow economic growth and the need for Congress to increase spending.
c. Solving the too big to fail problem in the U.S. financial system.
d. Improving credit rating agency performance and accountability.
Question 2 - Equilibrium is defined in economics in a special way, but it is fair say that if a nation is in short-term equilibrium, then:
a. It is close to full employment.
b. It is close to price stability.
c. It is operating at relatively high level of performance.
d. All of the above.
e. None of the above.
Question 3 - Which of the following was not a major area addressed by the Dodd-Frank Bill (i.e., Wall Street Reform and Consumer Protection Act of 2010).
a. Reducing systemic threats to the U.S. financial system.
b. Solving the too small to survive problem in the U.S. financial system.
c. Improving credit rating agency performance and accountability.
d. Preventing spillover effects in the financial industry.
Question 4 - The aggregate demand curve slopes downward due to the:
a. Phillips-Curve effect, wealth effect, and net export effect.
b. Productivity effect, income effect, and real money supply effect.
c. Real money supply effect, wealth effect, and net export effect.
d. Productivity effect, income effect, and Gibson paradox.
e. Purchasing power effect, real money supply effect, wealth effect, and real goods effect.
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