Refer to the above figure. Government policy that moved the economy from A to B would be accomplished by
A) a contractionary fiscal policy combined with an expansionary monetary policy.
B) an expansionary fiscal policy combined with a contractionary monetary policy.
C) a contractionary policy that would reduce the rate of inflation and would cause workers to remain unemployed longer than they were before.
D) raising the minimum wage.
C
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Anna's Antiques expects to get two bidders for the unique china teacup it sells. Each of the bidders can either have a high-value of $100 or a low-value of $70 with equal probability. If Anna holds an auction between the two bidders, and both have high values, she would earn ___ from the auction
a. Just above $100 b. $100 c. Just above $70 d. $70
Which one of these conditions is not a part of asymmetric information?
A. parties are engaged in and economic transaction. B. information is not uniform. C. the government usually intercedes to fix the problem. D. all of these answer options are correct.
Which of the following countries had a major financial crisis in 1994?
a. Malaysia b. Russia c. Mexico d. The United States e. Singapore
Concerns over unpleasant or unsafe standards of foreign labor do not affect most of U.S. trade because most U.S. trade is intra-industry and carried out with
a. high-income countries that have labor standards similar to the United States. b. low-income countries that have labor standards similar to the United States. c. high-income countries that have lower labor standards than the United States. d. low-income countries that have lower labor standards than the United States.