Horizontal contracts generally run ______the goals of the customers
a. Indifferent to
b. In line with
c. Contrary to
d. None of the above
c
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In the above figure, assume the economy starts out in equilibrium at point d. If the Fed increases the money supply so that the new aggregate demand curve is AD3, then the new short-run equilibrium will be at point
A) a. B) b. C) c. D) i.
In the United States, what percentage of smog comes from automobiles?
a. 5 percent b. 15 percent c. 25 percent d. 40 percent e. 80 percent
Provide economic explanations of the following puzzling behaviors.
(i) Many risk-averse people choose to buy lottery tickets, even when the lottery does not offer fair odds. (ii) Many furniture stores, instead of simply lowering their prices, offer buyers 6 months interest-free with no money down and no monthly payment. (iii) Although they are not required to do so, plumbers, auto mechanics, and other repair services give customers a 30-day warranty on the parts and labor.
Assume that the central bank sells government securities in the open market. If the nation has highly mobile international capital markets and a fixed exchange rate system, what happens to the real risk-free interest rate and monetary base in the context of the Three-Sector-Model? State your answer after the macroeconomic system returns to complete equilibrium
a. The real risk-free interest rate rises and monetary base rises. b. The real risk-free interest rate falls and monetary base falls. c. The real risk-free interest rate rises and monetary base falls. d. The real risk-free interest rate and monetary base remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.