GDP will grow faster than real GDP if
A. deflation occurs in an economy.
B. imports exceed exports in an economy.
C. inflation occurs in an economy.
D. unemployment occurs in an economy.
C. inflation occurs in an economy.
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Moral hazard occurs ________ an agreement is made and when monitoring the parties to the agreement is ________
A) before; easy B) before; costly C) after; easy D) after; costly
Natural rate of unemployment is considered to be the sum of:
a. seasonal and structural rates of unemployment. b. frictional and structural rates of unemployment. c. seasonal and cyclical rates of unemployment. d. frictional and cyclical rates of unemployment.
An increase in quantity demanded caused no change in the equilibrium price. Thus, demand must be
A. elastic. B. perfectly elastic. C. inelastic. D. perfectly inelastic.
Refer to the information provided in Figure 6.5 below to answer the question(s) that follow.
Figure 6.5Refer to Figure 6.5. Molly's budget constraint is CD. Molly's income is $75, the price of a DVD is $3 and the price of a CD is $5. At point D, she is buying ________ DVDs and ________ CDs.
A. 0; 15 B. 50; 30 C. 25; 15 D. 25; 0