Countries with the
A) biggest deflations and output contractions are countries which were never on the gold standard until 1936.
B) biggest inflations and output contractions are countries which were on the gold standard until 1936.
C) lowest deflations and output contractions are countries which were on the gold standard until 1936.
D) biggest deflations and output increases are countries which were on the gold standard until 1936.
E) biggest deflations and output contractions are countries which stayed on the gold standard until 1936.
E
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The RBV perspective predicts
a. firm's profitability differs only if they are in different industries b. firms within an industry are equally profitable c. firm's profitability within industries varies widely d. Only A&B
If the MPC = 1, the spending multiplier is:
a. infinite. b. zero. c. 10. d. 100. e. 1.
The supply curve of books (which are produced using paper made from trees) will shift to the left in response to: a. a decline in college tuition
b. a sharp increase in the demand for and construction of wood-frame homes. c. an increase in the supply of lumberjacks. d. an end to government regulations that limit timber harvesting in national forests.
Changes in labor productivity, changes in the quality of labor, and changes in the price of labor are three factors that explain why labor costs eventually
a. increase at a decreasing rate b. increase at an increasing rate c. decrease at an increasing rate d. decrease at a decreasing rate e. become constant