Solve the System by Using the Inverse of the Coefficient $$\begin{array} { l } - 5 x _ { 1 } + 3 x _ { 2 } = 8 \\- 2 x _ { 1 } + 4 x _ { 2 } = 20\end{array}$$

question 63

Multiple Choice

Solve the system by using the inverse of the coefficient matrix.
- $$\begin{array} { l } - 5 x _ { 1 } + 3 x _ { 2 } = 8 \\- 2 x _ { 1 } + 4 x _ { 2 } = 20\end{array}$$

• A) \(( 2,6 )\)
• B) \(( - 2 , - 6 )\)
• C) \(( - 6 , - 2 )\)
• D) \(( 6,2 )\)

Understand how adverse selection affects the pricing and availability of goods in the market.

Explore the role of market signals in reducing information asymmetry.

Grasp the concept of economic incentives in shaping consumer and business behavior in the presence of asymmetric information.

Recognize the impact of asymmetric information on loan and credit markets.

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Definitions:

Stagflation

An economic situation characterized by prolonged high inflation combined with high unemployment and stagnant demand in a country's economy.

Depression

A severe and prolonged downturn in economic activity, characterized by significant decline in gross domestic product, high unemployment, reduced consumer spending, and deflation.

Inflation

The rate of increase in the average cost of goods and services, which results in a decrease in the value of money.

President Eisenhower

Dwight D. Eisenhower, the 34th President of the United States, who served from 1953 to 1961 and was known for his role in ending the Korean War and promoting infrastructure development.