The very existence of an insurance policy may cause people to behave in a riskier manner, which will increase the moral hazard problem
Indicate whether the statement is true or false
TRUE
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The _________ approach allows us to calculate GDP and _________ is not a component of GDP
a. income; personal consumption b. income; exports c. expenditure; durable goods d. expenditure; government purchases e. expenditure; interest
The characteristics of jobs and workers affect
a. labor supply. b. labor demand. c. equilibrium wages. d. All of the above are correct.
Using Figure 11.1, which fiscal policy action would increase aggregate demand from AD1 to AD3?
A. A decrease in government spending. B. A decrease in government spending matched by an equal decrease in taxes. C. A decrease in transfer payments. D. A decrease in taxes.
A form of currency control that often applies to tourism because it limits the amount of currency that someone can get from the bank for foreign travel is known as ________.
A) multiple exchange rates B) confidence C) quantity controls D) hard currency