Which panel of Figure 3.3 represents the changes in the market for textbooks when the cost of paper decreases and the government increases the number of student loans it grants?
A. A.
B. B.
C. C.
D. D.
Answer: A
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Commercial banks
A) buy private placements for their own portfolio of assets. B) help firms sell private placements. C) sell their own private placements. D) have nothing to do with private placements.
Which of the following best describes the impact of fiscal policy during the Great Depression?
a. Despite the large increases in government spending as a share of GDP when the New Deal policies were initiated, the expansionary fiscal policy failed to stimulate demand. b. Fiscal policy was focused on monetary expansion, when it should have focused on maintaining a balanced budget. c. It is difficult to link expansionary fiscal policy with economic recovery because government spending and budget deficits were a relatively small portion of GDP prior to the beginning of World War II. d. There is a direct correlation between increases in government spending as a share of GDP and increases in output and employment.
In the real world, it costs money to move products from one country to another, but Ricardo's model does not address these ______ costs
Fill in the blank(s) with the appropriate word(s).
On what assumption is the idea of Rawlsian justice based? Explain
What will be an ideal response?