The Mainstream View Is That Macro Instability Is Caused by

question 180

Multiple Choice

The mainstream view is that macro instability is caused by

• A) erratic growth of the nation's money supply.
• B) government interference in the economy.
• C) significant changes in investment spending.
• D) consumption "booms" and "busts".

Describe the Shelter Principle and its application in the context of negotiable instruments.

Comprehend the concept of taking an instrument “for value” and how it applies to the HDC doctrine.

Understand the implications of the FTC rules established in the 1970s for protecting consumers against HDC abuses.

Recognize and distinguish between "real" and "personal" defenses available against claims made by holders or HDCs.