________ Was an Important Factor in Both the Savings and Loan

question 23

Multiple Choice

________ was an important factor in both the savings and loan crisis in the 1980s and the financial crisis of 2008.

• A) Excessive governmental involvement
• B) Excessive regulation
• C) Deregulation
• D) None of these answers is correct.

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Definitions:

Average-Total-Cost Curve

A graphical representation showing how the average total cost of production changes as the quantity of output is altered.

GPA

Grade Point Average, a measure of a student's academic achievement at a college or university, calculated as a numerical average of grades.

Short Run

A period in which at least one factor of production is fixed, limiting the ability of the economy or firm to adjust to changes.

Long Run

A period of time in which all factors of production and costs are variable, allowing for full adjustment to change.