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were considered “too-large-to-fail” (reference?)because of the substantial public interest involved in their continued operation, and thus it was generally taken for granted that government will bail them out. Coupled with this is the “shift towards more self-regulatory rules that permitted US investment banks to increase leverage and reduce diversification under pressure of competition” (Coffee, 2009, p.1).
No reference “functional regulators” or is there no need to? GAO is the source of the phrase. Its inclusion within the same sentence as having expressed the idea, then followed by another citation at the end of the paragraph, are sufficient.
A concern expressed by the US Government Accountability Office (GAO) is that while the different activities were allowed within the same bank, they remained subject to “functional regulators” (***reference***)where federal authorities (such as the SEC or CFTC) had jurisdiction over specific financial products or services. This resulted in multiple regulators overseeing different business lines within a single institution, and obscured the lines demarcating their areas and making regulation more difficult (US GAO, 2009).
Should Clarification on Dodd be made? Or there is no need to? Well, this is the only bill currently passing Congres. Having to clarify it will waste wordcount which we don’t have. I’ll just replace Dodd with the word “proposed”.
In the US, the origin of the 2008 subprime market crisis, reforms being sought are incorporated in the Dodd(?)banking reform bill that has been passed by the House of Representatives and which is being considered in the Senate.
is there grammar correct on the following? Yes, these are parts of an enumeration. We could put them as bulleted phrases, but some profs don’t want the paragraph form disturbed in the case of essays, so they don’t want bulleting.
Reference for Keynesian and Hayek ? Keynesian and Hayek are staple cornerstone theories, named
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(“Economics Essay Example | Topics and Well Written Essays - 1500 words - 30”, n.d.)
Retrieved from https://studentshare.org/miscellaneous/1565085-economics
(Economics Essay Example | Topics and Well Written Essays - 1500 Words - 30)
“Economics Essay Example | Topics and Well Written Essays - 1500 Words - 30”, n.d. https://studentshare.org/miscellaneous/1565085-economics.
For instance, Adam Smith’s theory of the invisible hand argues that when people engage in business and selling they are governed by the invisible hand of the market that helps regulate prices and ensures that businesses and people act in certain ways. Indeed, the nature of economics is like psychology in that it presents theories of human behavior.
As such, economic analysis relates to the study of economic systems in an industry to ascertain the effectiveness of the operations of a given industry with reference to its profitability1. With this, we are able to establish the optimum use of the limited resources to achieve a given economic objective.
Thus, short-run is the time period that quantity of an input or at least one of the many inputs is fixed while other inputs’ quantities can vary. Long-run on the other hand is that time period where inputs in entirety can be varied. Therefore, there is no specific time that can be taken as fixed or even marked on the dates of the calendar to distinguish short-run from the long-run.
If the quantity demanded of a certain product changes minimally or does not change at all, then that product is said to be a Price Inelastic Good. Consequently, if a product whose price increased and such a change brought forth an abrupt drop in quantity demanded of the same product, the good is said to be Price Elastic.
e that the people of a country would receive the best of every thing that could be education, housing, health services or the other various basic necessities.
Economics has been called and is known as a Social Science one that actually focuses on the subject matter that is
sought to apply a broader theoretical and conceptual tradition of economic thought by placing emphasis on neo-classical synthesis – a combination of neo-classical economics and Keynesian economics.
Conservative economics is based on Milton Friedman’s teachings and
s the above figure illustrates, if there is a supply shock in an economy (such as increase in the price of oil, labor or other costs that increase the cost of doing business), the short run AS curve shifts to the left. The real GDP decreases from Q to Q’ and the price level
These tools enable professional mainstream economists to address various economic issues facing the world. Mainstream economics is about modeling in a way that traditional or heterodox economics is not. It originated from the neoclassical synthesis of the neoclassical
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