In which year did Ireland's deficit to GDP ratio fall below -30 percent?
A. 2009
B. 2011
C. 2008
D. 2010
Answer: A
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The Bretton Woods exchange rate system was an example of a
A) target zone. B) managed float. C) pure gold standard. D) modified gold standard. E) floating exchange rate system.
Refer to Figure 14.1. Other things equal, which of the following will cause a movement from point Y to point X?
A) an increase in the real interest rate B) a decrease in disposable income C) a decrease in expected profits for firms D) an increase in net exports
As wealth increases in the economy, savers are willing to
A) hold more cash relative to their holdings of bonds. B) buy fewer bonds at any given price. C) lend more at any given interest rate. D) lend less at any given interest rate.
The change in total cost that results from the production of one additional unit is called:
a. marginal revenue. b. average variable cost. c. marginal cost. d. average total cost.