How much is it?
$750 billion
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If a country is in a strong upward phase of the business cycle, one can expect that its currency will
a. revalue. b. devalue. c. appreciate. d. depreciate.
If the economy unexpectedly went from inflation to deflation,
a. both debtors and creditors would have reduced real wealth. b. both debtors and creditors would have increased real wealth. c. debtors would gain at the expense of creditors. d. creditors would gain at the expense of debtors.
Which of the following statements is false?
A) Government can remove individuals from a prisoner's dilemma setting and make them better off. B) In a prisoner's dilemma setting, it is impossible for the government to define and enforce property rights that the individuals involved in the setting want to have defined and enforced. C) As long as government charges each individual in a prisoner's dilemma setting a tax that is less than the gain received by being removed from the setting, then government has made the individuals better off. D) Depending upon the amount of the tax charged to each individual in a prisoner's dilemma setting, the government can make both persons better off, both persons worse off, or one person better off and the other person worse off.
An increase in production costs will shift? the:
A. aggregate demand curve.' B. shortrun aggregate supply curve. C. longrun aggregate supply curve. D. none of the above.