_______ occurs when there is a decreasing average price level
Fill in the blank(s) with the appropriate word(s).
deflation
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Under the conditions set for the taking of property by eminent domain, the government could take private property
A) to build a highway. B) to allow a private developer to construct residential housing. C) so a professional sports franchise can build a new stadium. D) all of the above
The impact lag is the time between
A) a change in the money supply and a change in interest rates. B) a change in the money supply and a change in GDP. C) the use of a Federal Reserve tool and its effect on GDP. D) the use of a Federal Reserve tool and its effect on the money supply.
In a system of flexible exchange rates, lower inflation abroad would induce
a. a rise in the U.S. exchange rate. b. a fall in the U.S. rate of exchange. c. a balance of payments deficit for the United States. d. no change in U.S. exchange rates.
Political freedom seems to be ________ important to growth than economic freedom
A) less B) more C) equally D) critically