In 2008, Testifying Before Congress, Alan Greenspan, the Former Head

question 33

Multiple Choice

In 2008, testifying before Congress, Alan Greenspan, the former head of the Federal Reserve Bank.

• A) argued that regulation would damage banks, Wall Street, and the mortgage market.
• B) admitted that his conviction that free markets would produce the best results was flawed.
• C) argued that the federal government should allow unregulated economic competition.
• D) argued that banks and investment firms should regulate themselves.
• E) called for deregulation and artificially low interest rates.

---

Definitions:

Negotiation Consultant

A professional advisor who helps individuals or organizations to effectively negotiate agreements and resolve disputes.

Repeated Game

A strategic situation where the same game is played several times, allowing players to adjust their strategies based on previous outcomes.

Consulting Ban

A prohibition or restriction on offering consulting services, which can be set by industry regulators, institutions, or governments.

Nash Equilibrium

A concept in game theory where no player can gain by changing their strategy while the other players keep theirs unchanged.