Historically, the U.S. government has been used to overcome crises, redistribute income and wealth and address negatively received market outcomes
Indicate whether the statement is true or false
True
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The figure above shows the market for iPods. Which of the following creates a movement from point A to point B?
A) a decrease in the price of Zunes, a substitute for iPods B) a requirement that all students at universities have an iPod C) a decrease in the price of iPods D) an increase in the price of iPods E) an increase in people's incomes
Refer to Scenario 6.1. If both Tasha and Gloria play their dominant strategies, Tasha's net payoff will be ________ and Gloria's net payoff will be ________
A) $15; $12 B) $15; $15 C) $30; $30 D) $12; $12
Where is the interest rate determined in the classical model?
a. In the goods market b. In the loanable funds market c. By the federal government d. By the Fed e. Where aggregate expenditure equals GDP.
Imports are a leakage in the sense that
a. the international financial system is unstable. b. consumers buy foreign output of goods and services. c. foreigners earn less than U.S. workers. d. a trade deficit increases aggregate demand.