In its macroeconomic equilibrium, the economy can be producing at
i. below full employment.
ii. full employment.
iii. above full employment.
A) i only B) ii only C) iii only D) i or ii E) i, ii, or iii
E
Economics
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Pirates have been intensely attacking ships off the shore of Somalia this year. Boat owners have reportedly coughed up more than $30 million in ransom and insurance premiums have shot up
The pirate activity and increase in premiums means that the expected wealth of boat owners who sail near Somalia is ________. A) decreasing B) increasing C) staying the same D) decreasing only if they have insurance
Economics
Historical note: Most of the failures (per year) of thrift institutions, such as savings and loan associations, occurred in
a. the late 1950s b. the early 1970s c. 1945 d. 1980–1982 e. 1988–1991
Economics