When prices of new houses rise significantly faster than rent prices, this is evidence of a:
A) debt-deflation process
B) bubble
C) financial crisis
D) sovereign debt crisis
B
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The basic assumption behind the J-curve effect is that
A) supply and demand for currencies are less elastic in the short run than in the long run. B) in the short run, supply will exceed demand; in the long run, they will be equal. C) an overshooting effect occurs as people adjust to the new information. D) investors tend to be overly cautious in currency instruments.
Liquidity refers to the
A. rapidity with which money flows through the economy. B. ease with which an asset can be converted into cash. C. ease with which banks move funds from checking to savings accounts. D. All of these responses are correct.
A surplus in a market exists when there is an excess quantity demanded
a. True b. False Indicate whether the statement is true or false
Union membership as a share of the work force is ____ in states with right-to-work laws. (Fill in the blank.)
a. above the national average. b. below the national average. c. greater than 50 percent. d. close to 100 percent.