Refer to the information provided in Figure 2.4 below to answer the question(s) that follow. Figure 2.4Refer to Figure 2.4. The economy moves from Point E to Point B. This could be explained by

A. a change in society's preferences for hybrid cars versus motorcycles.
B. an increase in economic growth.
C. an increase in unemployment.
D. a reduction in unemployment.

Answer: A

Economics

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Suppose you see a 2012 Ford Mustang GT advertised in the local newspaper for $15,000. If you knew the car was reliable, you would be willing to pay $17,000 for it. If you knew the car was unreliable, you would only be willing to pay $12,000 for it

Under what circumstances should you buy the car?

Economics

A default premium is the interest rate premium

A) under normal market circumstances. B) when there are no market fluctuations. C) covering the default risk. D) for government debt.

Economics