The Brady Plan helped to end
A. the 1997 currency crisis.
B. the 1980s debt crisis.
C. the European debt crisis.
D. the 1991 global recession.
Answer: B
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Describe the tradeoffs involved when thinking about setting the time over which a patent grants an innovator exclusive monopoly rights.
What will be an ideal response?
In monopolistic competition, each firm's marginal revenue curve lies ________ its demand curve because of ________
A) below; barriers to entry B) below; product differentiation C) above; barriers to entry D) above; product differentiation
Supply is said to be ____ when the quantity supplied is very responsive to changes in price
a. independent b. inelastic c. unit elastic d. elastic
The LM curve has a
A. positive slope because a higher interest rate leads to a higher incentive to hold money and thus a higher money supply is needed for equilibrium. B. negative slope because a lower interest rate leads to an increase in the demand for bonds and thus a higher level of domestic production is needed to cause people to continue to hold the same amount of money. C. positive slope because a higher interest rate leads to a decrease in the demand for money and thus a higher level of domestic production is needed to cause people to continue to hold the same amount of money. D. negative slope because a lower interest rate leads to a decrease in foreign investments and thus a higher level of domestic production is needed for equilibrium.