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What do high interest rates do?
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Discourage borrowing
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Encourage borrowing
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The other answers are correct
-
What happens to prices if the demand for goods and services increases?
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They decrease
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They increase
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The other answers are correct
-
What causes hyperinflation?
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Fluctuations in real demand for goods and services, or changes in available supplies, in addition to the growth of the money supply
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Excessive growth in the money supply
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Fluctuation in real demand for goods and services or changes in available supplies
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Who claims that the empirical study of monetary history shows that inflation has always been a monetary phenomenom?
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The Classics
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They Keynesians
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The Monetarists
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For whom are there three main types of inflation: demand inflation, cost inflation, and self-built inflation
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For Monetarists
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For Classics
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For Keynesians
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What produces excess demand?
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Stimulates investment
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Disincentives investment
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The other answers are correct
-
What inflation can be caused by the drop in potential production?
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The cost inflation
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The demand inflation
-
The supply inflation
-
How will producers pass the increased oil prices on to consumers?
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In the form of decreased prices
-
In the form of increased prices
-
The other answers are correct
-
What type of inflation is based on the assumption that workers try to keep their wages above inflation?
-
The demand inflation
-
The cost inflation
-
The self-built inflation
-
What does the Consumer Price Index measure?
-
The prices of a selection of goods and services
-
The prices of a good or service
-
None of the other answers is correct
-
What type of unemployment occurs when a worker changes from one job to another?
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The classic
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The frictional
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The cyclical
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When is frictional unemployment present in an economy?
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In expansions
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Forever
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In recessions
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What is real wage unemployment also called?
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Cyclic
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Keynesian
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Classic
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What does the minimum wage produce?
-
That increases the cost of low-skill workers above market equilibrium
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That decreases the cost of low-skill workers below market equilibrium
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The other answers are correct
-
Who suggest that even social taboos can prevent wages from falling to the agreed level (Minimum wage)
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Andy Murray
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Murray Rothbard
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Murray Wyatt
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What type of unemployment occurs when there isn't enough aggregate demand in the economy?
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The seasonal
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The cyclical
-
The classic
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Who says structural unemployment could be permanent in modern society?
-
John Maynard Keynes
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Milton Friedman
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André Gorz
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What type of unemployment in attributed to the decisions of individuals?
-
The voluntary
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The involuntary
-
The other answers are correct
-
Who are the job suppliers?
-
The entrepreneurs
-
The active population
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The other answers are correct
-
What has happened to the economic, social and political importance of international trade in recent centuries?
-
The other answers are correct
-
That has decreased
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That has increased
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Which theory refers to the ability of a person or a country to produce a particular good at a lower absolute cost than another?
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The one with the absolute advantage
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The one with the total advantage
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The one with the comparative advantage
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Are countries with higher costs than Morocco able to export their products to African countries?
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No
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Yes
-
The other answers are correct
-
What are the net benefits of the result of the comparative advantage theory called?
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International benefit
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International revenue
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Gains for trade