Typically, as an economy begins to emerge from a recessionary phase of the business cycle,
A) unemployment falls immediately. B) inflation begins to fall.
C) unemployment continues to rise. D) investment begins to fall.
C
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A rise in the government budget deficit
a. increases the interest rate so in the market for foreign-currency exchange, supply shifts right. b. increases the interest rate so in the market for foreign-currency exchange,supply shifts left. c. decreases the interest rate so in the market for foreign-currency exchange, supply shifts left. d. decreases the interest rate so in the market for foreign-currency exchange supply shifts right.
If individuals who sit in the back of the classroom receive lower grades on average than the rest of the class, does that mean that sitting in the back of a classroom causes one to perform poorly on exams?
A. Not necessarily. The reoccurrence of a certain relationship between two variables does not necessarily imply causation. B. The reccurrence of such a relationship is definitely caused by the variation of another variable. C. The reccurrence of such a relationship is sufficient evidence that sitting in the back of a classroom will lead to lower grades. D. The reoccurrence of such a relationship is sufficient evidence that students who receive low grades prefer to keep a low profile and always sit in the back of the classroom.
Asymmetric information is
A. an externality. B. the regulatory price for a natural monopoly. C. when a market failure occurs. D. when the producer has information on the product that the consumer lacks.
The cost of an extra unit of oil in the United States in terms of coal given up is
A. 25.
B. 50.
C. 2.
D. 1/2.