The nominal interest rate is determined in the
A) bond market. B) stock market. C) exchange market. D) money market.
D
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If the real wage needs to decrease to restore equilibrium in a labor market, this can happen by
A) keeping the nominal wage constant and allowing deflation to allow the real wage to decline. B) keeping the nominal wage constant and allowing inflation to allow the real wage to decline. C) raising the nominal wage and allowing deflation to allow the real wage to decline. D) raising the nominal wage so long as there is no inflation occurring in the economy.
The country that suffered an extreme inflation rate of 89,700,000,000,000,000,000,000 percent in November 2008 was
a. England b. Zimbabwe c. Germany d. Egypt e. the former Soviet Union
If a fall in the price level made people feel richer and initially increased aggregate expenditures by 20, the AD curve would:
A. shift by less than 20. B. not shift at all. C. shift by exactly 20. D. shift by more than 20.
The market for bagels contains two firms: BagelWorld (BW) and Bagels'R'Us (BRU). The owners of the two firms decide to fix the price of bagels. The table below shows how each firm's profit (in dollars) depends on whether they abide by the agreement or cheat on the agreement. 
For Bagels 'R' Us, ________ is a ________.
A. abiding by the agreement; dominant strategy when Bagel World also abides B. cheating on the agreement; dominated strategy C. cheating on the agreement; dominant strategy D. abiding by the agreement; dominant strategy