If women are not allowed to vote or inherit wealth but men are, this is an example of
A. The liquidity trap.
B. A gender trap.
C. The disadvantaged trap.
D. An inequality trap.
Answer: D
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Keynes argued that when unemployment was high, wages would ________.
A. resist rising B. resist falling C. rise quickly D. fall quickly
In the foreign exchange market, how does a fall in the U.S. interest rate affect the supply of dollars?
What will be an ideal response?
Statistical analysis reveals that the long-run money velocity (for euro-area M3, which is equivalent to U.S. M2):
A. is much more stable in the U.S. than in the euro area. B. is unstable in the euro similar to the instability that exists in the U.S. C. has increased in the euro area since 1980. D. is more stable in the euro area than in the U.S.
If a country has a higher level of productivity than another, then it also has a higher level of real GDP
a. True b. False Indicate whether the statement is true or false