English common law is particularly effective because ________
A) it was derived from the Napoleonic codes of the period of industrialization
B) it is the only system that provides protection for personal property rights
C) it is able to evolve over time
D) of the diverse character of the British Empire
C
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Which of the following is TRUE about how trade deficits and government budget deficits are related?
A) The government budget deficit leads to higher interest rates that will lead to a trade deficit. B) The government budget deficit leads to lower interest rates that will lead to a lower trade deficit. C) The trade deficit leads to a reduction in investment that leads to a government budget deficit. D) The trade deficit leads to a decline in imports relative to exports that leads to a government budget deficit.
Refer to Figure 26-7. Suppose the economy is in a recession and the Fed pursues an expansionary monetary policy. Using the static AD-AS model in the figure above, this would be depicted as a movement from
A) C to B. B) A to B. C) A to E. D) C to D. E) B to C.
Unconventional monetary policies include massive lending to banks and open-market purchases of assets other than Treasury bills
a. True b. False Indicate whether the statement is true or false
Ross is looking at a graph that shows the relation between inflation and unemployment. The graph measures the rate of inflation along the y-axis and the rate of unemployment along the x-axis. Among the points he observes on the graph (with y as the first value and x as the second) are (5, 4), (4, 4), (2, 4), and (1, 4). Ross is looking at a graph that shows a _____
a. short-run Phillips curve b. long-run Phillips curve c. short-run aggregate supply curve d. long-run aggregate supply curve