question archive 1)Which of these are causes of the Great Recession? a) large federal deficit
1)Which of these are causes of the Great Recession? a) large federal deficit
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1)Which of these are causes of the Great Recession?
a) large federal deficit.
b) federal government tax cuts.
c) weak banking regulation combined with rampant financial innovation.
d) excessive banking regulation combined with rampant banking innovation.
2)Two firms engage in Cournot competition. They face a market demand function of 100-P. Firm 1 has a cost function C1(Q1)=10+2Q1, and firm 2 has a cost function of C2(Q2)=5+Q2. Determine the Nash equilibrium output for each firm.
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1)The correct answer is c) weak banking regulation combined with rampant financial innovation.
- There was notably financial innovation in the sector of mortgage backed securities and repo transactions which regulators were not able to act swiftly enough to investigate and sanction. The result was a housing bubble and the debt crisis that ensued.
2)please see the attached file for the complete solution.for the zip file.
