The notion that in a world with n markets, if n - 1 are in equilibrium, so must the nth, is known as

A) the uncertainty principle.
B) the first law of international trade.
C) Walras Law.
D) Friedman Law.


C

Economics

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During which years did the country have a balanced budget?

A) 2008 and 2009 B) 2012 only C) 2011 only D) 2010 and 2012 E) all except 2011

Economics

Imports are included in gdp

a. true b. false

Economics

Which of the following is a macro consequence of a sudden increase in the average level of prices?

A. People lengthen their time horizons. B. Nominal income falls by a smaller percentage than real income. C. People on fixed incomes benefit. D. Uncertainty is greater.

Economics

The relationship between interest rates and stock prices is referred to as:

A. the wealth-creating mechanism of monetary policy. B. the asset-price channel of monetary policy. C. the investment-spending mechanism of monetary policy. D. the interest-rate mechanism of monetary policy.

Economics