Which of the following is one reason for the decline in aggregate demand that led to the recession of 2007-2009?
A) falling oil prices B) increases in housing prices
C) a decline in government spending D) the financial crisis
D
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The "lemons problem" exists because of
A) transactions costs. B) economies of scale. C) rational expectations. D) asymmetric information.
If the actual inflation rate is less than the expected inflation rate, the actual real interest rate will be ________ than the expected real interest rate. When this happens, ________ will lose and ________ will gain
A) less; borrowers; lenders B) less; lenders; borrowers C) greater; borrowers; lenders D) greater; lenders; borrowers
The annual membership fees of the 185 member countries of the IMF are called:
a. annuities. b. quotas. c. vetos. d. conditionalities. e. petrodollars.
The minimum wage is more often binding for teenagers than for other members of the labor force
a. True b. False Indicate whether the statement is true or false