According to Prof. St. Clair, allowing Lehman Brothers to fail in 2008 breached the Fed's primary mandate, and worsened the financial crisis of 2008.
<h3>What caused the Lehman Brothers' failure?</h3>
The main cause of the failure of Lehman Brothers Investment Bank was its involvement in the subprime mortgage market.
Lehmann Brothers recorded unprecedented loss due to the 2008 subprime mortgage crisis.
The investment bank held onto large positions in subprime and other lower-rated mortgage tranches when securitizing the underlying mortgages.
Thus, according to Prof. St. Clair, allowing Lehman Brothers to fail in 2008 was a terrible decision because its failure breached the Fed's primary mandate, and worsened the financial crisis of 2008.
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the answer is B collusion
Answer and Explanation:
The excerpt shows one common mistake committed in Business writing: using <em>lengthy phrases</em>. Wordy messages increase unnecessarily the volume of the message making it less understandable. Business writing must be objective, clear, concise, unbiased and avoid hidden verbs, exuberance, and redundancy. Thus, the excerpt should be written as follows to comply with business writing rules:
- We are of the conviction that writing is important.
- <em>Writing is important. </em>
<em>
</em>
- In all probability, we're likely to have a price increase.
- <em>It is possible there will be a price increase. </em>
- Our goals include making a determination about that in the near future.
- <em>We plan to decide that soon. </em>
- When all is said and done at the conclusion of this experiment, I'd like to summarize the final windup.
- <em>I will give a brief summary following the experiment. </em>
- After a trial period of three weeks, during which time she worked for a total of 15 full working days, we found her work was sufficiently satisfactory so that we offered her full-time work.
- <em>We offered her a full-time position after she proved herself during a three week trial period. </em>
The person who receives financial protection from a life insurance plan is called a beneficiary. I hope that I helped, Have a wonderful day!
Answer:
1. Structural unemployment
2. Cyclical Unemployment
3. No match
4. Frictional unemployment
5. No match.
Explanation:
a. Cyclical Unemployment can be described as an unemployment that occurs when there is a low demand for goods and services in a country as a result of slow economic growth or recession.
b. Structural unemployment is an unemployment that occurs because of industrial reorganization coming from technological change that makes current skills of workers obsolete.
c. Frictional unemployment is unemployment that occurs when people are in the process of searching a new job and changing from one job to another.
Based on the above definition, we have:
1. Structural unemployment
2. Cyclical Unemployment
3. No match
4. Frictional unemployment
5. No match.