The stagflation in the United States during the 1974-1975 period can be attributed to
a. increases in real GDP due to high levels of defense spending.
b. tight monetary and fiscal policies of the Nixon-Ford administrations.
c. rapid increases in petroleum prices, poor harvests, and the removal of wage and price controls.
d. budget deficits by the federal government and increasing trade deficits by the United States.
c
You might also like to view...
Based on the information in Scenario 1, real GDP grew by about ________ percent from 2015 to 2016
A) 23 B) 31 C) 62 D) 162
Which of the following is NOT true of the foreign-exchange market?
A) It is an over-the-counter market. B) Most foreign-exchange trading takes place in London. C) The busiest trading time is morning east coast time, when markets in New York and London are both open. D) Trading volume worldwide exceeds $1 trillion per day.
New England shippers faced higher labor costs than English shippers
a. in trade between the Southern colonies and England. b. in trade between the West Indies and England. c. in trade between New England and England. d. in all trade with England.
Assumptions that underlie the Resource-based View include
a. Resource heterogeneity b. Resource immobility c. Barriers to entry d. Both a and b