Rent seeking is devoted to the creation of
A) monopolies.
B) competitive industries.
C) human capital.
D) more elastic demand.
A
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Multinational companies are concerned about exchange rate risk
Indicate whether the statement is true or false
The existence of stagflation in the 1970s undermined the credibility of demand-management policies
a. True b. False Indicate whether the statement is true or false
Traditional Keynesians argued that when wages are rigid, changes in output result in:
a. small changes in goods market prices and a flat aggregate supply curve. b. large changes in goods market prices and a flat aggregate supply curve. c. large changes in goods market prices and a steep aggregate supply curve. d. small changes in goods market prices and a steep aggregate demand curve. e. small changes in goods market prices and a horizontal aggregate demand curve.
In 1990, which Latin American countries saw inflation climb above 2,000%?
a. Colombia and Venezuela b. Mexico and Guatemala c. Brazil and Argentina d. Uruguay and Paraguay