The free-rider problem exists for goods that are ________

If exchange rates are allowed to fluctuate freely and the US demand for Japanese yen increases which of the following will happen?

a. the US balance of trade deficit will worsen in the long run b. Americans will have to pay more for Japanese goods c. It will be more expensive for the Japanese to buy American real estate d. the dollar will appreciate e. more Americans will want to travel to Japan

The years from 1933 to 1937 are notable for ________

A) high unemployment, despite rapid growth of real output B) low unemployment, despite sluggish output growth C) persistent deflation, despite rising unemployment D) the creation of the Federal Reserve System E) none of the above