The deregulation of the airlines industry lead to which of the following?
a. Higher prices and more flyers
b. Lower prices and fewer flyers
c. Lower prices and more flyer
d. Higher prices and fewer flyers
c. Lower prices and more flyer
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If the country wanted to produce the maximum total number of units of guns and butter combined, it would produce at point(s) ________________.
Assume that the central bank increases the reserve requirement. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the real risk-free interest rate and net nonreserve-related international borrowing/lending in the context of the Three-Sector-Model?
a. The real risk-free interest rate rises, and net nonreserve-related international borrowing/lending becomes more positive (or less negative). b. There is not enough information to determine what happens to these two macroeconomic variables. c. The real risk-free interest rate and net nonreserve-related international borrowing/lending remain the same. d. The real risk-free interest rate rises, and net nonreserve-related international borrowing/lending becomes more negative (or less positive). e. The real risk-free interest rate falls, and net nonreserve-related international borrowing/lending becomes more negative (or less positive).
Suppose that money supply growth increases. In the long run, this increases employment according to
a. both the long-run Phillips curve and the aggregate demand and aggregate supply model. b. neither the long-run Phillips curve nor the aggregate demand and aggregate supply model. c. the long-run Phillips curve, but not the aggregate demand and aggregate supply model. d. the aggregate demand and aggregate supply model, but not the long-run Phillips curve
The transactions that take place in the financial markets:
A. are always to the seller's advantage. B. can be very complex. C. are always to the buyer's advantage. D. are very simple.