In contrast to the United States, the European Union has chosen
A. greater wage inequality for lower unemployment.
B. less wage inequality and lower unemployment.
C. greater wage inequality and higher unemployment.
D. similar wage inequality but more unemployment.
E. less wage inequality for higher unemployment.
Answer: E
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The process of indirect finance using financial intermediaries is called
A) direct lending. B) financial intermediation. C) resource allocation. D) financial liquidation.
If the marginal cost were $18, output would be
A. 1.
B. 2.
C. 3.
D. 4.
A nation can determine how close it is to the classical range by considering its:
a. Export position. b. Net export position. c. Capacity utilization index. d. Exchange rate. e. None of the above.
The demand for money curve is drawn with
A. nominal Gross Domestic Product (GDP) on the horizontal axis and the curve sloping down. B. the interest rate on the vertical axis and the curve sloping down. C. the interest rate on the vertical axis and the curve sloping up. D. nominal Gross Domestic Product (GDP) on the vertical axis and the curve sloping up.