Suppose that the inflation rate turns out to be much higher than most people expected. In that case,
What will be an ideal response?
Answer: A borrower will gain from the situation while a lender will lose
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Which of the following factors is least likely to affect what goods and services countries end up trading in the international market?
a. International trade tariffs b. Government debt levels c. Comparative advantages d. Differences in tastes e. Different technological needs
In general, pollution exists if
A) people are unconcerned about the hazards associated with pollution. B) there are poorly defined private property rights. C) there are poorly defined common property rights. D) profit-making activity is taken to an extreme.
As Tabitha consumes more ice cream sundaes within a given period of time, it is likely that each additional sundae consumed will
A. bring her successively more satisfaction. B. increase her quantity demanded for ice cream sundaes. C. bring her successively less satisfaction. D. increase the supply of ice cream sundaes.
Discretionary fiscal policies that increase aggregate demand tend to result in
A. higher Real GDP ("RGDP") and a lower price level ("PI"). B. lower Real GDP ("RGDP") and a higher price level ("PI"). C. higher Real GDP ("RGDP") and a higher price level ("PI"). D. lower Real GDP ("RGDP") and a lower price level ("PI").