High interest rates might ________ purchasing a house or car but at the same time high interest rates might ________ saving
A) discourage; encourage
B) discourage; discourage
C) encourage; encourage
D) encourage; discourage
A
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Using the Phillips curves, what are the short-run and long-run effects of a decrease in the inflation rate?
What will be an ideal response?
Economies of scope are cost reductions achieved by
A) the production of multiple, related products. B) the production of large amounts of a single product. C) limiting the size of the firm. D) increasing firm size.
A decrease in foreign demand for U.S. exports will ____ the demand for U.S. dollars and cause the U.S. dollar to ____ in value
a. increase; appreciate b. increase; depreciate c. decrease; appreciate d. decrease; depreciate
The productivity growth rates of poorer countries tend to be ____ than those of richer countries.
A. higher B. lower C. increasing slower D. decreasing faster