The very poorest low-income DVCs typically have relatively:
A. low rates of economic growth and relatively high rates of population growth.
B. high rates of economic growth and relatively low rates of population growth.
C. low rates of both population growth and economic growth.
D. high rates of both population growth and economic growth.
A. low rates of economic growth and relatively high rates of population growth.
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If the deficit is financed by selling bonds to the ________, the money supply will ________, increasing aggregate demand, and leading to a rise in the price level
A) public; rise B) public; fall C) central bank; rise D) central bank; fall
All of the following are mechanisms which reduce the adverse selection problem except ____
a. warranties from established enterprises with non-redeployable assets b. high interest rates c. large collateral requirements d. brand names and product-specific promotions and retail displays e. higher prices in repeat customer transactions
Some countries have had relatively high inflation and relatively high unemployment for long periods of time. Is this consistent with the Phillips curve? Defend your answer
The price elasticity of demand for health care is such that an increase in the price of health care will:
A. decrease total health care expenditures. B. increase total health care expenditures. C. shift the demand for health care rightward. D. shift the demand for health care leftward.