The large increases in the deficit during the 1980s in the United States were associated with
A) large increases in public saving.
B) no change in public saving.
C) large increases in private saving.
D) all of the above
E) none of the above
E
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Aggregate demand shifts right when the Federal Reserve
a. raises personal income taxes. b. increases the money supply. c. institutes an investment tax credit. d. All of the above are correct.
Recall the Application about the free-agent market for professional baseball pitchers to answer the following question(s).Recall the Application. The market for baseball pitchers suffers from an asymmetric information problem because:
A. the pitcher's current team has superior information concerning the health of the pitcher. B. the potential new teams have superior information concerning the health of the pitcher. C. baseball teams never sign injury-prone pitchers. D. a physical exam ensures that both the player's current team and potential new teams have the same information concerning the player's health.