Shortcomings and weaknesses of the SGP did NOT involve:
A) the difficulty of correctly assessing a member's budgetary condition.
B) the fact that transgressions and breaking rules had no sure consequences because members tended to forgive their peer nations.
C) nations refusing to allow their economies to go into recession to meet a Eurozone budgetary target.
D) the fact that transgressions and breaking rules had critical consequences to nations.
Ans: D) the fact that transgressions and breaking rules had critical consequences to nations.
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The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; A B. recessionary; C C. recessionary; B D. expansionary; A
What is precautionary saving? What might cause precautionary saving to increase or decrease if households have a desired level of wealth?
What will be an ideal response?
During 2016, Tony's assets equal $300,000 and his net worth is $50,000. Tony's liabilities are
A. $50,000. B. $150,000. C. $200,000. D. $250,000.
If the price of suntan lotion increases from $6 to $8 per bottle and quantity demanded decreases from 900,000 bottles to 845,000 bottles, using the midpoint method, what is the price elasticity of demand for suntan lotion?
What will be an ideal response?