When information asymmetry exists in a market, government:
A. always steps in to try to correct it.
B. never steps in to try to correct it.
C. sometimes steps in to try to correct it.
D. only steps in to correct it if it can ensure complete information.
C. sometimes steps in to try to correct it.
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The low point of economic activity during a business cycle is called the
A) trough. B) recession. C) peak. D) failure.
Equilibrium real GDP rises after the dollar strengthened. From this, we can conclude that
A) the increase in aggregate demand was greater than the decrease in aggregate supply. B) the decrease in aggregate demand was less than the increase in aggregate supply. C) the decrease in aggregate demand was more than the increase in aggregate supply. D) the increase in aggregate demand was less than the decrease in aggregate supply.