Which of the following was not a factor contributing to the debt crisis in Latin America?
(a) The oil shocks.
(b) Trade liberalization in many developing countries.
(c) An increase in global interest rates.
(d) A lack of investment opportunities in the developed countries.
(e) All of the above.
B
Economics
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Which of the followings does NOT describe the money market in the ISLM model?
A) money demand function B) investment function C) money market equilibrium condition D) money supply
Economics
A utilitarian government will pursue policies that redistribute income from the rich to the poor. One problem with these policies is that
a. everyone has less incentive to work hard. b. the rich will work harder while the poor will not. c. the poor will work harder while the rich will not. d. everyone in the middle class ends up worse off.
Economics