Demand pull inflation can be started by
A) a decrease in net exports.
B) an increase in government expenditure.
C) a decrease in the money price of resources.
D) an increase in the price of oil.
E) a decrease in the quantity of money.
B
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If a rent ceiling is below the equilibrium rent, some allocation scheme must be used. The allocation methods include all of the following EXCEPT
A) charging the equilibrium rent. B) refusing to rent to individuals on the basis of sex, race, or some other attribute. C) requiring a payment, such as key money, in addition to the rent. D) the creation of a black market. E) increased search activity.
The commercial banks in Fundland have
Reserves $500 million Loans $3,500 million Deposits $4,000 million Total assets $5,000 million The banks hold no excess reserves. a) Calculate the banks' desired reserve ratio. b) An immigrant arrives in Fundland with $10 million, which she deposits in a bank. How much does the immigrant's bank lend initially?
Gains from trade can be realized if each country specializes in the production of a good in which it has a comparative advantage
a. True b. False Indicate whether the statement is true or false
Some economists argue that there is no such thing as a short-run Phillips curve. Who are these economists and what is their argument?