Since the late 1970s, the United States
A) has experienced only moderate inflation, usually between 2 to 3 percent.
B) has seen a steadily increasing rate of inflation.
C) has experienced low inflation, except for a seven-year period between 1979 and 1986.
D) has experienced high inflation followed by a long period of deflation.
Answer: C) has experienced low inflation, except for a seven-year period between 1979 and 1986.
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The entrepreneur
A. runs his or her own business and risks his or her own money. B. does not necessarily run her or his own business nor risks her or his own money. C. runs his or her own business, but does not necessarily risk his or her own money. D. does not necessarily run her or his own business, but does risk her or his own money
Country A's income per capita is higher than that of Country B. Country A is likely to have ________
A) a higher life expectancy at birth B) a lower life expectancy at birth C) a higher exchange rate D) a higher unemployment rate
When attempting to decrease the federal funds rate, the Fed can
A) increase reserve requirements. B) engage in an open market purchase. C) increase the discount rate. D) raise the interest rate paid on bank reserves.
If a sailboat manufacturer has an agreement with the firm that produces the sails for the sailboats, this is an example of a ________ agreement.
A) horizontal B) rightward C) vertical D) leftward