The equilibrium price in the money market is the:
A) inflation rate.
B) exchange rate.
C) interest rate.
D) none of the above.
C
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U.S. unemployment caused by NAFTA over the years from 1994 to 2002:
a. totaled 13% of manufacturing job loss in the United States during that period. b. was not permanent as most workers were re-employed within three years. c. was offset completely by increased product variety imports and lowered prices. d. totaled 13% of manufacturing job loss in the United States during that period was not permanent, as most workers were re employed within three years, and was offset completely by increased product variety imports and lowered prices.
Regarding the purchasing of INSURANCE in particular, the most important difference(s) between "adverse selection" and "moral hazard" in general is/are that
A. adverse selection deals with "hidden information," whereas moral hazard deals with "hidden actions." B. usually the insurer worries more about adverse selection BEFORE the insurance is purchased, whereas it worries more about moral hazard AFTER the insurance is purchased. C. Both of the above statements are true. D. None of the above statements are true.