We experienced the highest inflation during the period from
A. 1958 to 1961.
B. 1961 to 1964.
C. 1978 to 1981.
D. 1984 to 1987.
C. 1978 to 1981.
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Assuming all else equal, if a bank expects a bank run in the future:
A) there will be an upward movement along its demand curve for reserves. B) its demand curve for reserves will shift to the left. C) there will be a downward movement along its demand curve for reserves. D) its demand curve for reserves will shift to the right.
When you buy at a low price in one market then sell at a higher price in another market you are engaging in
A) arbitrage. B) price discrimination. C) odd pricing. D) an antitrust prohibited practice.
Utility possibility frontier shows:
a. the possible combinations of utility that an efficient bargain can get the negotiating parties. b. the exact bargain at which the negotiating parties eventually arrive. c. the highest utility each negotiating party can individually achieve. d. the possible combinations that maximize payoffs to the negotiating parties.
A country with a high level of trade has what relationship to the balance of trade?
a. It must have a trade deficit. b. It must have a trade surplus. c. It exports equal its imports. d. It has no relationship to the balance of trade.