Suppose a country had a smaller increase in debt in 2011 than it had in 2010 . Then other things the same, we would expect
a. lower interest rates and investment in 2011 than in 2010.
b. lower interest rates and greater investment in 2011 than in 2010.
c. higher interest rates and greater investment in 2011 than in 2010.
d. higher interest rates and lower investment in 2011 than in 2010.
b
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Propecia was developed to treat mild to moderate male pattern hair loss in men. Marco has hair loss and he is willing to pay any amount of money to be able to buy this drug each month. Marco's price elasticity of demand is ________
A) perfectly inelastic B) perfectly elastic C) elastic D) inelastic
Which of the following could not be expected to shift the aggregate demand curve?
a. Net exports fall. b. Consumption spending decreases. c. An increase in government spending. d. A change in real GDP.
How would you characterize the foreign exchange market?
a. Extremely competitive. b. Somewhat competitive. c. Monopolistic. d. Driven by demand by tourists and individuals. e. Involving usually physical exchange one currency for another.
Consumers can spend their entire disposable income.
Answer the following statement true (T) or false (F)