Aggregate expenditure includes spending on
A) C + I + G - NX. B) C + I + depreciation - NX.
C) C + I + G. D) C + I + G + NX.
D
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Which of the following happens if the long-run real interest rates fall?
A) The demand for loans fall. B) Employment increases. C) Nominal wages fall. D) Imports increase.
Which anti-discrimination law prohibits discrimination against qualified individuals with disabilities who work in the federal government?
A) the Civil Rights Act of 1964 B) the Equal Employment Opportunity Act of 1972 C) the Americans with Disabilities Act of 1990 D) the Rehabilitation Act of 1973
In consumer lending, asymmetric information
A) happens only with securitization. B) cannot be dealt with using the same techniques as in business lending. C) can be partly offset using the same techniques as in business lending. D) may be virtually eliminated as a problem by just a collateral requirement.
Alfred derives utility from consuming iced tea and lemonade. For the bundle he currently consumes, the marginal utility he receives from iced tea is 16 utils, and the marginal utility he receives from lemonade is 8 utils
Instead of consuming this bundle, Alfred should: A) buy more iced tea and less lemonade. B) buy more lemonade and less iced tea. C) buy more iced tea and lemonade. D) buy less iced tea and lemonade. E) none of the above is necessarily correct.