C. stayed relatively low, due to the lack of lending by banks, reducing the effectiveness of the money multiplier.
A. import, because they are assembled in China.
B. import, because they are assembled in Mexico.
C. export, because they are assembled in China.
D. export, because they are produced in the U.S.
A. import, because they are assembled in China.
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Given the table above, suppose consumption in period two is $40,000. Then, the interest rate rises to five percent, and period-two consumption rises to $41,050. We may infer that ________
A) the income effect is stronger than the substitution effect B) the substitution effect is stronger than the income effect C) the substitution and income effects cancel out D) this consumer has a binding borrowing constraint
If an event is unlikely to occur, which probability is a reasonable estimate?
A) 0 B) 0.23 C) 0.82 D) Not enough information to determine.