Refer to Scenario 17.4. If the flood control system were not in place, the insurer would not be willing to insure against the flood for any premium less than
A) $5,000.
B) $10,000.
C) $100,000.
D) $200,000.
E) $1,000,000.
B
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Equilibrium GDP is equal to
A) autonomous expenditure times the multiplier. B) autonomous expenditure times the marginal propensity to consume. C) autonomous expenditure times the marginal propensity to save. D) autonomous expenditure.
Most collective bargaining agreements in the United States are reached
a. only after binding arbitration b. only after a strike c. without a strike d. only after a strike lasting at least three weeks e. only after government intervention to avoid a strike
The Internet may reduce frictional unemployment because it __________
Fill in the blank(s) with correct word
If there is a temporary increase in the money supply in the Eurozone, ceteris paribus, what is the result for the United States?
a. The money supply in the United States must decrease by the same proportion. b. The U.S. dollar nominal interest rate will increase, as the euro rate is unchanged. c. Long-run expectations shift to expect a stronger euro. d. The dollar appreciates against the euro.