C) a boom time. D) a period of increasing output. 16) In emerging market countries, many firms have debt denominated in foreign currency like the dollar or yen. A depreciation of the domestic currency A) results in increases in the firm's indebtedness in domestic currency terms, even though the value of their assets remains unchanged. B) results in an increase in the value of the firm's assets. C) means that the firm does not owe as much on their foreign debt. D) strengthens their balance sheet in terms of the domestic currency. 17) The nine directors of the Federal Reserve Banks are split into three categories: professional bankers, are leaders from industry, and public interest and are not allowed to be officers, employees, or stockholders of banks. are to represent the A) 5; 2; 2 B) 2:5:2 C) 4;2;3 D) 3; 3; 3 18) The Fed's support of the Depository Institutions Deregulation and Monetary Control Act of 1980 stemmed in part from its A) concern over declining Fed membership. B) belief that all banking regulations should be eliminated. C) belief that interest rate ceilings were too high. "belief that depositors had to become more knowledgeable of banking operations. In the model in (Y) = Bo +BqX;+M;, the elasticity of E(Y| X) with respect to X is: O A. Ba. O B. B,X. O C. cannot be calculated because the function is nonlinear. OD. Bax BO+BqX