From 2004 to 2013, global foreign exchange trading almost tripled.
Answer the following statement true (T) or false (F)
True
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The term inflation is used to describe a(n): a. rise in the value of money
b. decline in nominal income. c. sustained increase in the price level. d. general reduction in prices. e. economic problem faced only by the elderly population.
If the punishment associated with breaking a ban is not severe enough, it may:
A. not alter the trade-offs enough to change the consumption patterns of the banned good. B. cause even more consumption of the good, exaggerating the problem. C. still decrease the consumption of the good if the price of the good changes. D. still be effective if it gains media attention.
In general, information asymmetries are _________________ within financial markets.
A. common B. not accounted for C. uncommon D. not easily accounted for
"A country's expenditure multiplier is constant over time." Explain whether the previous statement is correct or incorrect
What will be an ideal response?