The Eurocurrency market is a retail, rather than wholesale, market.
a. true
b. false
b. false
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Refer to the figure above. In comparison to the bundles on IC1, the bundles on IC3:
A) give the same level of utility and are affordable. B) give the same level of utility but are not affordable. C) give a higher level of utility and are affordable. D) give a higher level of utility but are not affordable.
What is the key feature that differentiates business cycle theories?
A) whether the theory was developed before or after the Great Depression. B) whether the theory is Keynesian or non-Keynesian. C) whether the theory also explains economic growth. D) whether the theory explains how monetary policy works.
A shortage of hospital beds will likely lead to
a. an increase in the supply of hospital beds. b. a decrease in the demand for hospital beds. c. an increase in the price of a hospital stay. d. a decrease in the price of a hospital stay. e. none of the above.
Which model is used to evaluate the effects of macroeconomic policy such as tax cuts?
A. Aggregate demand and aggregate supply B. Demand and supply C. Game theory D. Circular flow.