When households have very low savings ________
A) investment decreases
B) they are less able to cope with severe economic downturns
C) bankruptcies increase
D) all of the above
E) none of the above
D
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Suppose Gerald works for Lola as a production assistant. Gerald and Lola fall in love, get married and have children. Gerald stops working for Lola in order to care for the children. What will be the effect of this scenario on GDP?
A) GDP will increase. B) GDP will decrease. C) GDP will not change. D) GDP may increase or decrease depending on the rate of inflation.
Under a fixed exchange rate system, if the government decides to increase the fixed exchange rate, net exports will ________ and the IS curve will shift to the ________
A) increase; left B) increase; right C) decrease; left D) decrease; right
Which joint profit is earned when the two firms charge different prices from each other?
a. $18,000
b. $17,600
c. $17,400
d. $12,000
Which of the following type of development combines office space, stores, and residential units in a single, vertical community known as a
A) planed unit development B) manufactured housing park C) mixed -use development D) time-share community