Between a trough and a peak, the economy goes through a(n)
A. expansion.
B. hyperinflation.
C. bust.
D. recession.
Answer: A
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A primary problem for Brazil from 1980 to 1995 was inflation
Indicate whether the statement is true or false
Under U.S. commercial policy, the escape clause results in
A) temporary quotas granted to firms injured by import competition. B) tariffs that offset export subsidies granted to foreign producers. C) a refusal of the U.S. to extradite anyone who escaped political oppression. D) tax advantages extended to minority-owned exporting firms. E) tariff advantages extended to certain Caribbean countries in the U.S. market.
A bank receives a demand deposit of $2,000 . The bank loans out $1,200 of this deposit and increases its excess reserves by $600 . What is the required reserve ratio?
a. 10% b. 30% c. 40% d. 60%
Countries in which the government heavily regulates the labor market are likely to have ________ sacrifice ratio.
A. an infinite B. a high C. a low D. a negative