The "rules of the game," if followed closely by central banks, would have
(a) made trade fluctuations worse than they were.
(b) wiped out trade fluctuations.
(c) "neutralized" central bank policy.
(d) forced the federal government to borrow directly from central banks.
(b)
Economics
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The market for used cars is shown in the above figure. Buyers cannot tell whether any given car is a lemon. Ten percent (10%) of all cars are lemons. Which of the following statements is true?
A) All of the cars will be sold. B) No cars will be sold. C) Only lemons will be sold. D) Only good cars will be sold.
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Is it ever rational for unions to strike if they know that their members will never be able to make up for the wages they lose during the strike? Explain
Economics