During the period of industrialization in the U.S., real income in the agricultural sector fell
Indicate whether the statement is true or false
False
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Which of the following is NOT a result of a temporary fall in foreign demand on one country's exports under floating exchange rate?
A) The DD curve shifts to the left due to reduction of aggregate demand. B) The AA curve shifts downwards due to reduction of money supply. C) a fall in aggregate output D) depreciation in home country's currency E) a fall in the home interest rate
The mismanagement of financial liberalization in emerging market countries can be understood as a severe
A) principal/agent problem. B) asymmetric information problem. C) lemons problem. D) free-rider problem.
Unlike the GDP deflator, the CPI does not consider goods and services purchased by business and government
a. True b. False Indicate whether the statement is true or false