What effect did the Iraqi invasion of Kuwait have on the U.S. economy?
a. A rightward shift of the aggregate demand curve
b. It had no effect
c. A downward shift of the aggregate supply curve
d. A leftward shift of the aggregate demand curve
e. An upward shift of the aggregate supply curve
E
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Health insurance markets have a problem with insuring people who are "poor health risks" while many people who are "good health risks" do not buy insurance. This problem is an example of
A) market signaling. B) moral hazard. C) adverse selection. D) asymmetric information.
If the monetary base doubles but the ratios of currency/deposit and reserves/deposits remain the same, then:
a. The money supply doubles. b. The money supply quandrouples. c. The money supply changes by two times the money multiplier. d. The money supply remains unchanged.
When tax code changes increase investment incentives, the _____ for loanable funds curve shifts to the _____. This results in a(n) _____ in the interest rate and a(n) _____ in investment
Fill in the blank(s) with correct word
A 60-month car loan (where no down payment was made) with a 6% interest rate and a monthly payment of $500 would allow the borrower to buy a
A. $30,000 car. B. $25,863 car. C. $28,200 car. D. $35,500 car.