Critics of the government's fiscal policies argued that government deficits
A) prevented capital from flowing into the United States.
B) were linked to the excess of imports over exports that occurred in the 1980s.
C) caused the level of unemployment in the United States to increase during the 1980s.
D) had directly contributed to a decline in the level of demand in the American economy.
B
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Which furniture production process would have the highest furniture prices?
a. furniture made by handsaw and hammer b. furniture made with power equipment c. furniture made by grade school-educated workers d. furniture made in an automated furniture factory
Macroeconomics first developed as a new subfield of economics:
A. in response to the severe economic hardships of the Great Depression. B. as a result of Adam Smith's publication of The Wealth of Nations in 1776. C. when Adolph Hitler ordered economists to learn more about national economies. D. following the oil price increases of the 1970s.
The argument that protection ________
A) penalizes poor environmental standards is true B) allows us to compete with cheap foreign wages is true C) is necessary for infant industries is true D) saves jobs is flawed
What does the PPI measure?
A) the level of production of goods and services generated in the economy in a given year B) the average of the prices received by producers of goods and services at all stages of the production process C) the average change in the prices paid for all goods produced in the economy over a given year D) the difference between the prices consumers pay for goods and services and the prices producers pay for goods and services