A. W. Phillips' findings were based on data
a. from 1861-1957 for the United Kingdom.
b. from 1861-1957 for the United States.
c. mostly from the post-World War II period in the United Kingdom.
d. mostly from the post-World War II period in the United States.
a
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According to the table above what would the flows of trade be between both countries if the exchange rate were $1 = 2.5 pesos?
What will be an ideal response?
In reaction to the passage of the Smoot-Hawley Tariff, Canada as well as many other U.S. trading partners
A) refused to export any products to the United States. B) eliminated tariffs on U.S. imports. C) refused to import any products from the United States. D) enacted large increases in tariffs on U.S. imports.
If the consumption function is C = 20 + 0.8YD, then an increase in disposable income by $100 will result in an increase in consumer expenditure by
A) $58. B) $64. C) $80. D) $100.
The fact that most medical care purchases are financed through insurance:
A. has no effect on health care consumption because aggregate costs are the same regardless of payment method. B. reduces the amount of health care consumed by raising the price of additional units of care. C. has decreased health care costs and therefore reduced aggregate health care expenditures. D. increases the amount of health care consumed by reducing the price of additional units of care.