The low point in the business cycle is referred to as the
A) expansion.
B) boom.
C) trough.
D) peak.
C
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In many countries, an exchange-rate peg substitutes for ________
A) speculative attacks B) an export-oriented sector C) discretionary monetary policy D) capital controls
The tendency to deviate from sound long-run plans in the short-run is known as ________
A) the failure of adaptive expectations B) the failure of rational expectations C) the time inconsistency problem D) the NIMBY, or not in my backyard problem
Which of the following is a liability to a bank?
A) total reserves B) transaction deposits C) government securities D) loans
How does an increase in the price of laptop memory chips affect the market of laptops?
a. The demand curve for laptops shifts to the right b. The demand curve for laptops shifts to the left c. The supply curve for laptops shifts to the right d. The supply curve for laptops shifts to the left