When analyzing cooperative fixed exchange rate agreements, there are two forms of cooperation:
A) decentralized and center-oriented.
B) agreement over interest rates and agreement over exchange rates.
C) compromise and democratic methodology.
D) idiosyncratic and rules-based.
Ans: B) agreement over interest rates and agreement over exchange rates.
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Based on the figure below. Starting from long-run equilibrium at point C, a tax increase that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.
A. D; C B. D; B C. A; B D. B; C
Compared to the distribution of money income, the distribution of income that takes into consideration the effects of taxes and in-kind benefits
a. is less even b. is the same c. is more even d. is fairer e. is less fair
Crowding out:
What will be an ideal response?
The wage increase from investments in human capital is called economic rents.
Answer the following statement true (T) or false (F)