Lump sum transfers ________ because they _______.
A. compromise efficiency; distort choices
B. don't compromise efficiency; distort choices
C. compromise efficiency; don't distort choices
D. don't compromise efficiency; don't distort choices
D. don't compromise efficiency; don't distort choices
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When aggregate demand increases, there is a movement ________ along the AS curve and ________
A) up; an upward shift of the short-run Phillips curve B) down; a movement down along the short-run Phillips curve C) up; a movement up along the short-run Phillips curve D) up; a movement down along the short-run Phillips curve E) down; a downward shift of the short-run Phillips curve
If a French company sells 1000 gallons of Perrier to a U.S. company at 5 euros per gallon, and uses the money to buy stock in a Spanish cork company, how does this affect the French balance of payments accounts?
A) Decrease in financial account; increase in merchandise trade B) Decrease in merchandise trade; increase in financial account C) Decrease in net investment income from abroad; increase in financial account D) Decrease in merchandise trade; increase in net income from abroad
Speculators who think the euro is likely to decline over the next year can take all of the following actions EXCEPT
A) buying put options on euros. B) sell euro futures contracts. C) sell euro forward contracts. D) buying call options on euros.
Which of the following is MOST accurate about the early years of the Great Depression?
a. The price that farmers paid for farming inputs dropped, but the price they received for the products they sold dropped even more. b. The price that farmers paid for farming inputs increased, forcing more farmers into debt. c. The debt of farmers decreased. d. The price that farmers received for the products they sold increased.