The government of Poorland increased its expenditure following a recession. This is likely to lead to ________
A) higher interest rates B) an increases in demand for labor
C) a decrease in the price level D) lower real wages
B
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How are scarce housing resources allocated when a rent ceiling is in place?
What will be an ideal response?
Which characteristic does money currently not have?
A) It is issued by a government or central bank. B) It is considered valuable. C) It is backed by gold. D) It is a durable good.
When an American doctor opens a practice in Bermuda, his production there is part of U.S. GDP
a. True b. False Indicate whether the statement is true or false
If economic costs outweigh benefits from joining a currency union, a nation may still choose to join because of:
A) political pressure from the large nations. B) large political benefits. C) the fear of floating. D) the ability to limit imports.