In the United States during the 1960s, government spending dramatically increased to fight the Vietnam War, which resulted in:
A. demand-pull inflation.
B. cost-push inflation.
C. a disinflationary recession.
D. stagflation.
Answer: A
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At the equilibrium price, deadweight loss is:
a. minimized. b. zero. c. maximized. d. equal to the equilibrium price multiplied by the quantity exchanged.
For providing their resources to firms, workers, loanable funds' suppliers, landowners, and entrepreneurs, receive (in the same order)
a. wages, rent, profit, and interest b. wages, interest, rent, and profit c. wages, profit, rent, and interest d. wages, interest, profit, and rent e. profit, rent, interest, and wages
If a person can prove that she was damaged by an illegal arrangement to restrain trade, that person can sue and recover
a. the damages she sustained, as provided for in the Sherman Act. b. the damages she sustained, as provided for in the Clayton Act. c. three times the damages she sustained, as provided for in the Sherman Act. d. three times the damages she sustained, as provided for in the Clayton Act.
Deflation is an overall:
A. decline in prices in the economy. B. rise in prices in the economy. C. decline in prices in the economy, excluding those with historically volatile price changes. D. rise in prices in the economy, excluding those with historically volatile price changes.