According to the text, which of the following is a macroeconomic outcome?
A. Internal market forces
B. Policy levers
C. International balance
D. Population growth
C. International balance
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The higher the transactions costs, the easier it is to negotiate an agreement involving negative externalities
Indicate whether the statement is true or false
If the supply of loanable funds increases, what is the result for the equilibrium of the loanable funds market?
A) A surplus of loanable funds would push interest rates down and increase the equilibrium quantity of loanable funds. B) A surplus of loanable funds would push interest rates up and decrease the equilibrium quantity of loanable funds. C) A shortage of loanable funds would push interest rates down and increase the equilibrium quantity of loanable funds. D) A shortage of loanable funds would push interest rates up and decrease the equilibrium quantity of loanable funds.
If the nominal exchange rate between the dollar and the euro is $1 = €0.70, and the price of an 8.4 oz. can of Red Bull is $1.75 in the United States and €1.40 in Germany, the real exchange rate between the dollar and the euro is
A) 1.25 cans of Red Bull in Germany per can of Red Bull in the United States. B) 0.80 cans of Red Bull in the United States per can of Red Bull in Germany. C) 0.875 cans of Red Bull in Germany per can of Red Bull in the United States. D) 0.56 cans of Red Bull in Germany per can of Red Bull in the United States.
Use the following demand and supply functions: Demand:Qd = 900 - 60PSupply: Qs = -200 + 50PEquilibrium price and output are
A. P = $20 and Q = 150. B. P = $10 and Q = 300. C. P = $100 and Q = 5,300. D. P = $7 and Q = 480.