A firm deciding to hire a secretary, bases its decision on how well the candidate is trained on certain software. This practice addresses:
a. Adverse selection
b. Moral hazard
c. Forced bankruptcy
d. None of the above
a
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The ________ is the rate of change of the ________.
A. base year price index; current year price index B. rate of inflation; CPI C. current year price index; base year price index D. CPI; rate of inflation
What does the Coase Theorem predict?
What will be an ideal response?
An increase in real money balances resulting from a lower price level will:
A. increase both interest rates and investment. B. reduce interest rates and increase investment. C. reduce both interest rates and investment. D. increase interest rates and reduce investment.
The economy above has experienced a:
Answer the question on the basis of the following information:
A. declining nominal GDP.
B. rising price level.
C. declining real GDP.
D. rising real GDP.