During the period from 2001 to 2007, investors were indifferent between lending to a rich or a poor euro-member nation because
A. interest rates on 10-year government debt were largely identical across Europe's largest governments during the period.
B. the poorer member nations projected a growth rate that matched the growth rates of the rich member nations.
C. the short-term interest rate on government Treasury bonds was at all-time high across all European nations.
D. all European nations were experiencing booms and busts in tandem.
Answer: A
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Under the U.S. Constitution, each state gave up its right to issue money, borrow, levy taxes and regulate the value of money on behalf of national efforts
Indicate whether the statement is true or false
Which of the following statements are false?
a. b and d. b. Marginal cost is always rising. c. Marginal and average total costs are equal at the most efficient production level. d. The AFC and AVC curves do not cross. e. The AFC and ATC curves do not cross.
What happens to aggregate supply when production costs adjust completely to price increases?
a. Both equilibrium output and prices increase b. Only prices rise; equilibrium output remains fixed c. Only equilibrium output rises; equilibrium prices remain fixed d. Equilibrium output falls while prices rise e. Both equilibrium output and prices remain fixed
Which of the following is true?
a. All types of environmental problems can be solved simply by the enforcement of individual property rights. b. Environmental regulation cannot improve environmental quality. c. Regulation nearly always leads to economically efficient outcomes. d. Government regulation is subject to the same problems caused by lack of information and lack of incentives for economic efficiency that plagued centrally planned economies.