In what year did the United States go off the gold standard?
A) 1933
B) 1945
C) 1981
D) 2001
A
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Economic growth may be represented by a(n):
a. leftward shift of a production possibilities curve. b. outward shift of a production possibilities curve. c. movement along a production possibilities curve. d. production possibilities curve that remains fixed.
A market is said to achieve allocative efficiency when producer surplus is at its maximum level
a. True b. False Indicate whether the statement is true or false
From a bank's perspective, the most vulnerable sources of funds are:
a. Short-term deposits b. Reserve assets. c. Long-term government securities. d. Loans to companies with low credit ratings. e. Long-term savings deposits.
If inflation were high in some country and lawmakers in that country passed a law requiring the central bank to maintain a low level of inflation, it is likely that
a. the short-run Phillips curve would shift right and the cost of disinflation would rise. b. the short-run Phillips curve would shift right and the cost of disinflation would fall. c. the short-run Phillips curve would shift left and the cost of disinflation would rise. d. the short-run Phillips curve would shift left and the cost of disinflation would fall.