Which of the following is a necessary condition for voters to be able to hold their government accountable?
A. retrospective voting
B. ideological congruence
C. clarity of responsibility
D. confessionalism
C. clarity of responsibility
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A financial strategy that reduces the chance of suffering losses arising from foreign exchange risk is referred to as
A) hedging. B) foreign exchange leverage. C) conversion depletion. D) transaction mitigation.
Starting from long-run equilibrium, a decrease in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. higher; potential D. lower; higher
When an economic event takes place, changes may ripple throughout the economy for months before monetary authorities begin to see changes in the data. This is known as the:
a) recognition lag. b) information lag. c) decision lag. d) implementation lag.
PriceQuantity Demanded$01,000$1400$2200$3100$425 Refer to the table, which shows the number of MP3 downloads demanded per month for the students at a certain university. What would happen to the quantity of MP3s demanded at a price of $2 if the university's enrollment were to increase significantly?
A. The quantity demanded would increase above 200 because the market demand schedule is the sum of individual demand schedules, and more students means more individual demand schedules for MP3s. B. The quantity demanded would rise to exactly 400 because every number in the table would simply shift down one row. C. The quantity demanded would remain at 200 because the number of buyers in a market does not impact the market demand schedule. D. The quantity demanded would fall below 200 because there would be more students competing for MP3s.