From pre-World War II years to the early 1980s, which one of the following countries was the principal lender in the world?
A. Germany
B. Japan
C. The United States
D. The United Kingdom
Answer: C
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Which of the following are considered money?
i. electronic checks ii. paper checks iii. the deposit transferred using an e-check A) ii and iii B) iii only C) i, ii and iii D) i and iii E) i and ii
A minimum wage set above the equilibrium wage rate for low-skilled workers ________
A) creates more employment opportunities for low-skilled workers B) creates more prosperity among younger people C) creates unemployment among low-skilled workers D) increases the number of good paying jobs available to young people
Decision making is a process, what is the first step?
a. Define the decision b. Estimate resources c. Consider alternatives d. Imagine consequences
Exhibit 15-6 Aggregate demand and supply model
?
In Exhibit 15-6, if the aggregate demand curve is at AD2, the government should:
A. raise taxes to move to AD1. B. not change its policy. C. cut taxes to move to AD3. D. cut spending to move to AD3.