Which of the following leads to an increase in net exports in the long run?
a. either a decrease in the budget deficit or imposing an import quota
b. a decrease in the budget deficit but not imposing an import quota
c. imposing an import quota but not a decrease in the budget deficit
d. neither a decrease in the budget deficit nor imposing an import quota
b
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Refer to Scenario 9.1. This scenario is an example of a ________ game
A) pure coordination B) chicken C) prisoner's dilemma D) battle of the sexes
If borrowers with the most risky investment projects seek bank loans in higher proportion to those borrowers with the safest investment projects, banks are said to face the problem of
A) adverse credit risk. B) adverse selection. C) moral hazard. D) lemon lenders.
The balance of trade is sometimes described as the balance of ______________.
a. shipments b. payments c. cash d. exchange
Conservatives usually favor increasing government spending to increase aggregate demand.
Answer the following statement true (T) or false (F)