Since World War II, the relative importance of raw materials, including oil, in total world trade
A) remained constant.
B) increased.
C) decreased.
D) fluctuated widely with no clear trend
E) increased slightly before dropping off.
C
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Medicare subsidizes or provides health care to the poor and medicaid provides health care to the elderly
a. True b. False Indicate whether the statement is true or false
Inflation leads to: a. higher menu costs
b. an increase in the propensities to consume. c. an increase in the potential gross domestic product. d. an increase in the effectiveness of monetary policy.
Refer to the given table.Price Per UnitColumn A Units Per YearColumn B Units Per Year$4011040$459550$508060$556570$605080 Suppose the columns in this table reflect demand and supply. If the current market price is $50, then you would expect:
A. supply to decrease. B. the market price to rise. C. the market price to fall. D. demand to decrease and supply to decrease.
If the Fed reduces the supply of money, the
A. AS curve shifts outward. B. AS curve shifts inward. C. AD curve shifts outward. D. AD curve shifts inward.