when one part to a transaction knows more than another, the situation is one of - -asymmetric information -when people or firms that are worse than average risks are most likely to enter a contract that is offered to everyone, the problem is called - -adverse selection -a bank offers credit cards...
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What is the Business Cycle? - -Refers to the alternating periods of expansion and recession that the U.S. economy has experienced since at least the early nineteenth century. -What is a Business Cycle Expansion? - -A period during which total production and total employment are increasing. -Wh...
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Add to cartWhat is the Business Cycle? - -Refers to the alternating periods of expansion and recession that the U.S. economy has experienced since at least the early nineteenth century. -What is a Business Cycle Expansion? - -A period during which total production and total employment are increasing. -Wh...
Which of the following is not one of the questions that all economies must answer? a. What to produce? b. how to produce? c. what price to produce at? d. none of the above - -c. what price to produce at? -Opportunity Costs are? a. Always present in any action b. The lost benefit of the best...
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Add to cartWhich of the following is not one of the questions that all economies must answer? a. What to produce? b. how to produce? c. what price to produce at? d. none of the above - -c. what price to produce at? -Opportunity Costs are? a. Always present in any action b. The lost benefit of the best...
What economic concept was used as an example in the Concrete Examples video you were required to watch? Dual Coding means which of the following? - -scarcity Using both words and visuals while studying concepts. -Interleaving means you shouldn't study one idea for too long. Instead, you ...
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Add to cartWhat economic concept was used as an example in the Concrete Examples video you were required to watch? Dual Coding means which of the following? - -scarcity Using both words and visuals while studying concepts. -Interleaving means you shouldn't study one idea for too long. Instead, you ...
The most important determinant of consumer spending is - -The level of Income -Compare the effect of a discretionary cut in taxes of $ 40 billion on the economy when the economy's marginal propensity to consume is 0.9 with the effect of a discretionary increase in government spending of $36 bill...
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Add to cartThe most important determinant of consumer spending is - -The level of Income -Compare the effect of a discretionary cut in taxes of $ 40 billion on the economy when the economy's marginal propensity to consume is 0.9 with the effect of a discretionary increase in government spending of $36 bill...
The most important determinant of consumer spending is - -The level of Income -Compare the effect of a discretionary cut in taxes of $ 40 billion on the economy when the economy's marginal propensity to consume is 0.9 with the effect of a discretionary increase in government spending of $36 bill...
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Add to cartThe most important determinant of consumer spending is - -The level of Income -Compare the effect of a discretionary cut in taxes of $ 40 billion on the economy when the economy's marginal propensity to consume is 0.9 with the effect of a discretionary increase in government spending of $36 bill...
motivations to want to hold money balances - --transactions demand -precautionary demand -asset demand -transactions demand - --holding money as a medium of exchange to make payments -the level varies directly with nominal GDP -precautionary demand - --holding money to meet unplanned expend...
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Add to cartmotivations to want to hold money balances - --transactions demand -precautionary demand -asset demand -transactions demand - --holding money as a medium of exchange to make payments -the level varies directly with nominal GDP -precautionary demand - --holding money to meet unplanned expend...
According to Smith, how does the debasement of coins affect individuals? - -Debasement of coins leaves individuals with less value. Each coin they have is worth less because there is less precious metal in the actual coin, allowing the issuer to repay debts incompletely. -What were the twin weakn...
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Add to cartAccording to Smith, how does the debasement of coins affect individuals? - -Debasement of coins leaves individuals with less value. Each coin they have is worth less because there is less precious metal in the actual coin, allowing the issuer to repay debts incompletely. -What were the twin weakn...
Markets in which funds are transferred from those who have excess funds available to those who have a shortage of funds available are called ________ _______. - -financial markets -A key factor in producing high economic growth is ______-______ ________ ________. - -well-functioning financial mar...
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Add to cartMarkets in which funds are transferred from those who have excess funds available to those who have a shortage of funds available are called ________ _______. - -financial markets -A key factor in producing high economic growth is ______-______ ________ ________. - -well-functioning financial mar...
According to the elasticity approach a domestic currency depreciation does what to the CA - -TYPICALLY, it narrows the CA, unless the marshall-lerner condition is met -What is the martial lerner condition and how is it satisfied? - -The marshall lerner condition suggests that a domestic currency ...
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Add to cartAccording to the elasticity approach a domestic currency depreciation does what to the CA - -TYPICALLY, it narrows the CA, unless the marshall-lerner condition is met -What is the martial lerner condition and how is it satisfied? - -The marshall lerner condition suggests that a domestic currency ...
Discount Rate - -The interest rate financial institutions pay to the Federal Reserve to borrow reserves -Federal Open Market Committee(FOMC) - -A policy-making group within the Federal Reserve System that directs the open market operations of the system -Federal Reserve System - -The Central B...
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Add to cartDiscount Rate - -The interest rate financial institutions pay to the Federal Reserve to borrow reserves -Federal Open Market Committee(FOMC) - -A policy-making group within the Federal Reserve System that directs the open market operations of the system -Federal Reserve System - -The Central B...
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