In a two-period model with default, if the nation defaults on its debts in the future period
A) there are no consequences.
B) it bears a cost v.
C) collateral is seized.
D) it faces a higher interest rate.
B
Economics
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What is the relationship between the slope of the aggregate expenditure curve and the expenditure multiplier?
What will be an ideal response?
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Someone who has decided that her time is more valuable in nonmarket activities than it is when spent working is considered unemployed.
Answer the following statement true (T) or false (F)
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