A major cost of unemployment is lost production
a. True
b. False
Indicate whether the statement is true or false
True
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An economy that experiences a rise in the price level over two consecutive quarters necessarily experiences
A) a recession. B) deflation. C) disinflation. D) none of the above.
Which of the following would increase the U.S. demand for foreign currency?
a. an increase in the U.S. demand for foreign goods b. an increase in incomes abroad c. a decrease in U.S. incomes d. a decrease in the U.S. demand for foreign goods e. an increase in U.S. real interest rates
Subprime lending gained popularity because of all of the following, except:
A. investing in a home was seen as the safest investment one could make. B. it was meant to encourage those with risky credit to make a safe investment. C. the value of homes had not fallen for over 60 years. D. helping poor to own a home.
What is the distinction between expected wealth and expected utility?
What will be an ideal response?