Without enforcement, a contract
A) is binding.
B) is lateral in form.
C) is costless to enforce.
D) not really binding.
D
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Because the minimum wage is not indexed to inflation, when there is inflation the nominal minimum wage ________, and the real minimum wage ________.
A. decreases; remains constant B. increases; decreases C. remains constant; remains constant D. remains constant; decreases
In 2008, several of the world's central bank actively worked together to push down global interest rates. This is an example of
A) international policy coordination. B) international policy cooperation. C) international policy externalities. D) structural interdependence.
The government budget deficit must be equal to the surplus
a. of saving over investment. b. in the current account in international trade. c. of saving over consumption. d. of saving over investment plus the trade deficit.
Who is credited for the original development of the model of aggregate demand and aggregate supply?