Stagflation is generally caused by:
a. an increase in aggregate demand.
b. a decrease in aggregate demand.
c. an increase in aggregate supply.
d. a decrease in aggregate supply.
d
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Which of the following is a form of capital for most economics professors?
A) Chalk B) Paper C) Calculators D) All of the above E) None of the above is capital, since economists define capital as liquid assets.
Asymmetric information before a transaction takes place generates the problem of
A. adverse selection. B. flawed bank regulation. C. intermediation. D. bank runs.
Which one of the following statements is the most accurate?
A. Appreciation is a fall in E when the exchange rate is fixed while revaluation is a fall in E when the exchange rate is flexible. B. Appreciation is a fall in E when the exchange rate floats while revaluation is a fall in E when the exchange rate is fixed. C. Appreciation is a rise in E when the exchange rate floats while revaluation is a fall in E when the exchange rate is fixed. D. Appreciation is a fall in E when the exchange rate floats while revaluation is a rise in E when the exchange rate is fixed.
A market in which businesses, households, and governments buy and sell national currencies is
A) the foreign exchange market. B) the currency exchange market. C) the money exchange market. D) the dollar exchange market.